All India Gaming Federation (AIGF) said on Wednesday that small companies involved in online pay-to-play gaming will be unable to survive under the high GST rate of 28%. Nirmala Sitharaman, the finance minister, said that a 28% Goods and Services Tax (GST) will be applied to all online games from October ...
Tag: online skill gaming industry
August 3, 2023Admin akads
The Karnataka High Court, on May 11 held that a game of skill, whether played with stakes or not, was not gambling. The main question or issue that arose for consideration in a batch of petitions was whether offline or online games like Rummy, which were primarily, predominantly, or substantially based ...
May 15, 2023Roland Landers
The idea of responsible gaming has developed in the online skill gaming community in India in the last 10 years. At first, responsible gaming was not a main focus in the Indian online skill gaming industry, with many gaming organizations zeroing in exclusively on boosting benefits. Nonetheless, with the rising awareness ...
March 29, 2023Roland Landers
The consistent development of the online gaming industry as of late has given a captivating insight into steadily developing customer behavior. Propelled by current favorable circumstances such as the high reception rate of smartphones, digital payments, accessible technologies, and the internet, and the availability of a skilled workforce, new-age entrepreneurs ...
December 29, 2022Roland Landers
The All India Gaming League (AIGF), the pinnacle body for the online skill gaming industry in India, has onboarded three principal members, specifically: Myteam11, Head Digital, and Glance Gaming. With this, the AIGF has exceeded 100 members across all gaming formats, including esports, fantasy gaming, card games, casual gaming, e-games, and ...
November 4, 2022Roland Landers
The online skill gaming industry has had a moment to celebrate after Google chose to open its Play Store for Daily Fantasy Sports (DFS) and Rummy applications. Last week, the tech giant announced a one-year pilot program for DFS and Rummy applications to be accessible on the Google Play Store ...
September 14, 2022Roland Landers
With the decision on changing the tax slab on online gaming and other related categories being the talk of the town lately, it is crucial to know the legal aspects related to GST rulings. In India, until recently, gaming platforms were required to pay GST as they qualify as ‘suppliers’ of ...
July 27, 2022Roland Landers
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 ...
May 30, 2022Roland Landers
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 ...
May 30, 2022Roland Landers
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. ...
May 28, 2022Roland Landers