Aruna Sharma - India has an opportunity to become a hub for developers and that needs a facilitating atmosphere in the policy sphere, , E-gaming, online games, fantasy sports, online
The Goods and Services Tax (GST) Council is set to meet virtually on August 2 to discuss legal amendments needed for the 28% levy on online gaming, casinos and horse racing after the decision to impose the maximum 28% slab on the full face value was taken on July 11. Officials denied any rethink from the previously made decision and said the meeting had been called to firm up technical details and legal changes.
Revenue secretary Sanjay Malhotra Wednesday said government decision to impose a 28% tax on funds that online gaming companies collect from their customers will not need further consultation and an early review is unlikely
"GST Council s decision of 28% tax is a clarification of government s view that online gaming is an actionable claim, liable to be taxed at 28% on face value. The amendment proposed in GST laws is to further make it clear that "online gaming" is an actionable claim and liable to GST."
TRIPOLI, April 10 In a Tripoli arcade, players banter amid the bleeping and music of video games. Isolated by decades of dictatorship and post-revolution chaos, Libyan gamers.