gaming

	Budget 2023: Rs 10,000 minimum threshold on TDS removed The beneficiary is required to show this amount when filing Income Tax Return and non-reporting can lead to penalty of upto 200 per cent of the tax amount. published on : 2nd February 2023
	Budget 2023: Govt to clarify taxation on online gaming; no mention of cryptocurrency Many new-age gaming start-ups have been launched in the last few years and at present 18% tax is being levied on commissions collected by these online platforms for games. published on : 1st February 2023
	MeitY meets gaming industry leaders, assures representation The ministry, which is a nodal agency for online gaming, met top industry leaders of the industry to know their view on draft online gaming rules. published on : 18th January 2023
	Uttar Pradesh emerges top gaming destination; tier 2-3 towns outpacing metros: Report Last year, India became the largest consumer of mobile games in the world, recording over 15 billion downloads, as per a report by Lumikai, a gaming-focused venture capital fund. published on : 15th January 2023
	Won't allow online gaming industry to take control of self-regulatory body: IT Minister Many educators urged the Minister to ensure that the proposed self regulatory body "operates at an arm's length from the industry", and pushed for framing of 'objective criteria'. published on : 12th January 2023
	Government can notify any game as online games, says new rule The government can notify any game, irrespective of its nature, as an online game if it doesn’t fulfill its mandated criteria, according to the proposed online gaming regulation. published on : 4th January 2023
	Government proposes new IT rules to regulate online gaming The final draft is expected in February following consultation from all stakeholders. published on : 3rd January 2023
	Potential of Indian being exposed to online game with harmful info has increased: MoS IT In a written reply to the Lok Sabha, Rajeev Chandrasekhar said that the government is aware of the possible risks and challenges associated with online games that have such information. published on : 22nd December 2022
	28% GST on online games where winning depends on certain outcome: CBIC chief The GoM, in its last meeting in November, had agreed on a 28 per cent GST on online gaming casinos and horse racing. published on : 17th December 2022
	GST Council agrees to decriminalise certain offences; no tax increase on any item Finance Minister Nirmala Sitharaman said the Council could decide on only 8 out of the 15 agenda items due to paucity of time, but added that no new taxes have been brought in. published on : 17th December 2022
	GST: GoM on online gaming, casinos submits report to Sitharaman The agenda for the Council meet so far did not include a discussion on online gaming. Now that the report has been submitted, it is likely that the Council may take it up for consideration. published on : 16th December 2022
	Chance or skill? GoM divided over online gaming There is a lot of confusion whether GST should be levied on the full face value or gross gaming revenue. The GST Council is expected to take a call on this on Saturday. published on : 16th December 2022
	ED investigating gaming firms over GST evasion of INR 23,000 cr in Apr '19-Nov '22 period The ED is also investigating several cases related to Cyber and Crypto assets frauds wherein online gaming etc. have been used for siphoning the proceeds. published on : 12th December 2022
	Gaming federation meets Tamil Nadu Governor RN Ravi as ban hangs fire This comes as the state awaits the Governor’s assent to the Tamil Nadu Prohibition of Online Gambling and Regulation of Online Games Act, 2022. published on : 8th December 2022
	BJP wanted online rummy banned, so will it oppose guv now, asks Murasoli The governor had immediately approved the ordinance, promulgated by the state government on October 1, recalled the editorial. published on : 1st December 2022
	Expected Guv Ravi to give assent to Bill on online gambling by Sunday: S Reghupathy Inclusion of rummy as game of chance violates SC judgment, says e-gaming federation published on : 29th November 2022
	Gambling law: Tamil Nadu answers Governor’s three queries in 24 hours The minister said the governor had raised the three queries based on the Madras HC order that struck down the previous law banning online gambling. published on : 26th November 2022
	Ministers' panel may recommend 28 per cent GST on online gaming, tweak in calculation method Currently, online gaming attracts 18 per cent GST. The tax is levied on gross gaming revenue, which is the fees charged by online gaming portals. published on : 22nd November 2022
	Mobile gaming app case: ED freezes Bitcoins worth Rs 22.82 cr during raid on Binance The accused Aamir Khan launched a mobile gaming application namely E-Nuggets, which was designed for the purpose of defrauding the public, ED said. published on : 11th November 2022
	Serious about fun: Gaming as a career option For such fans, Nodwin gaming is hosting a DreamHack- World Digital Festival where people can visit and experience the world of gaming for three days. published on : 5th November 2022