After the two-day GST board meeting held on July 23-24 in Bengaluru, the GST Council's Group of Ministers (GoM) talked about the tax rates to be imposed on the online gaming industry, ranging from 18% to 28%.
Casinos, horse racing, lotteries, pay-to-play, and other chance-based games are being combined with online ... Read More
26
Jul2022
02
Jun2022
Uncharted, Evil Dead, Overwatch, Genshin Impact... these are not Hollywood movies, but rather online games that give you a high adrenaline rush each time you jump into them. Consistently, the number of online gamers in India floods because of the prevalence of these outwardly captivating, heart-beating games.
According to EY research, ... Read More
30
May2022
In an industry that is intensely experiencing a need to feel superior because of selfish business matters and the absence of a unified front, the central government is a welcome move, it wants to set up a high-level inter-ministerial task force to bring some order to the online gaming sector.
The ... Read More
30
May2022
Soon, 5G services will be launched, and it is set up to broadly transform the industrial and manufacturing situation in India. Ports, airports, oil and gas explorers, and makers, among others, are anticipating the rollout of 5G services as they embrace digitization.
Not only large industries in the manufacturing and infrastructure ... Read More
28
May2022
India's transition to set up an inter-ministerial board to study guidelines for skill-based online gambling has been invited as a "positive step" for the expanding industry.
The seven-member board incorporates secretaries of home affairs, income, industries and internal trade, electronics and IT, information and broadcasting, sports, and think tank Niti Aayog. ... Read More