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Game Of Skill Brought At Par With Game Of Chance: Writ Challenging CGST Amendment Act 2023 And Vires Of S 15(5) CGST Act Filed In Allahabad HC

On Thursday, Allahabad High Court issued notice in writ petition challenging the validity of the Central Goods and Service Tax (Amendment) Act, 2023 notified on 18th August, 2023 which sought to tax.

New tax regime on online money games kicks in

New GST regime imposes 28% tax on online money games, casinos, and horse racing; gaming companies resist the new tax.

New tax rate on online money games kicks in

Some states are in the process of notifying legislative changes for the part of taxes to be collected by them.

Octro expands business overseas, says ban on game helping foreign firms

Online gaming company Octro has started expanding its business overseas after traction in its casino and card games, namely PlayRummy and Teen Patti, according to a senior company official. The firm s Chief Marketing Officer Manav Sethi said the move of some state governments to ban online gaming is helping gaming companies that are registered outside India. By March of 2021, we would start the user acquisition for international markets, Sethi told PTI. He claimed that the company has seen 100 per cent growth year-on-year, and its revenue is in three digits of crore on Indian currency. Octro owns online games including PlayRummy, Teen Patti, Indian Rummy, Tambola and Soccer Battles. The company s card games involve real monetary transactions that it calls a game of skills.

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