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Latest Articles in gaming industry
Youngsters & Online Gaming GST: Lessons In Policymaking
The need for policy evolution goes beyond taxation and beyond online gaming. There lies the trust chasm
Read MoreWill Request GST Council For Reconsideration Of New Gaming Tax: Rajeev Chandrasekhar
According to a Deloitte assessment, the sector anticipates a considerable drop in tax income during the anticipated first five years if the tax obligation is raised from 18 percent on GGR to 28 percent on CEA
Read MoreIndia's Self-regulatory Bodies Address Testing Woes For Smaller Gaming Startups
If smaller companies have a dearth of data initially, they may run a limited test with a test group finalised by the board of directors of SRB. After a certain period, once the game is active and has enough data, they may run the requisite two to three stringent tests
Read MoreGaming Companies Appeal To Govt Against GST Increase To 28%
In a letter submitted by the FICCI Gaming Committee to the board on Friday, the companies stated that this recommendation represents a significant departure from the current tax regime, which charges GST on platform fees and gross gaming revenue (GGR) at a rate of 18 per cent
Read MoreCBDT Issues Taxation Guidelines For Online Gaming Platforms
According to the new rule a person, who is responsible for paying any other person any income by way of winnings from any online game during the financial year is liable for an income tax deduction on net winnings in the person's user account
Read MoreIndian Gaming CEOs Call ‘Jagirdari’ Of Google’s 30% Levy On In-app Purchases
Customers who must make mandatory in-app purchases are restricted to using their payment systems, which entails a commission cost of up to 30 per cent
Read MoreTamil Nadu Gov Signs Bill Against Online Gaming, Industry To Fight Back
The law will prohibit online gambling, including rummy and poker with stakes, striking a blow to the state's gaming industry
Read MoreGame Over For Betting Games: Govt Passes New IT Rules 2023
New IT Rules, 2023 have finally been released by the Ministry of Electronics and Information Technology (MeitY) putting a ban on games that involve betting and wagering
Read MoreThe Gaming Industry Is Staring At A TDS Conundrum, Can Be Solved Through Simple Changes
Tax Deductible at Source (TDS) has been largely welcomed by the gaming industry, it also poses a conundrum, and potentially, difficulties for the future
Read MoreResponsible Gaming Measures Expected Even By Skill Game Players
65 Percent Agree Online Fantasy Sports Akin to Casino Games
Read MoreGaming in 2023: A Promising Year For The Sunrise Sector
The gaming industry is not limited to just gaming anymore. There has also been the creation of a new content ecosystem primarily driven by esports players, gaming content creators and live streamers
Read MoreGaming Industry To Add 1 Lakh New Jobs By FY23: Report
The sector is expected to attract FDI to the tune of Rs 780 crore by FY23. Additionally, stakeholders across the industry are also working to bring refined policies to govern the ecosystem
Read MoreIndia’s Gaming Industry Set To Expand With Millennial Push
Several factors including an increase in the availability and use of smartphones, increased internet penetration, and affordable data plans have provided a much-needed boost to India's Gaming Industry.
Read More'Casual Gamers Revolutionising Indian Online Gaming Industry'
Industry players, including semiconductor company MediaTek, mobile handset firms Oppo and Poco India, and gaming platforms Winzo and Gamezop, emphasised innovation in devices and content to be complemented by a strong digital infrastructure for the growth of the online gaming sector in India
Read MoreFrom The Dark Ages To The New Dawn In The Gaming Industry
With various initiatives of the government like Digital India a significant increase can be expected in the availability of high-quality and engaging gaming content.
Read More