online gaming tax

Betting-Based Online Gaming Firms Said to Face Rs. 1 Lakh Crore GST Notices

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[ad_1] India’s online gaming industry has received show-cause notices amounting to Rs. 1 lakh crore say sources. The notices come even as the industry has raised concerns on the applicable GST Rates. The government has asserted that a 28 percent GST rate should have been in place starting from October 1, as per the law. … Read more

Offshore Online Gaming Companies in India Mandated to Register Their Business

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[ad_1] The Indian government has mandated offshore online gaming companies operating in the country to register the business locally or appoint a representative to pay tax on funds collected from customers. Last week, India decided to levy a 28 percent tax on total funds collected by online gaming companies from gamers, and not on every … Read more