Supreme Court: Banning the Online Money Gaming is within the States’ Power
The Hon’ble Supreme Court in Junglee Games India Pvt. Ltd. & Ors. set aside the judgments of the High Court of Madras and the High Court of Karnataka —
Tag: GST on gaming section
Money stakes on an Uncertain Outcome – Betting and Gambling – GST leviable irrespective of Game of Chance vs. Skill – Detailed Analyses of SC Judgment
The Hon’ble Supreme Court of India in Gameskraft Technologies Private Limited & Ors. and connected matters set aside the judgment dated May 11, 2023 of the High Court of Karnataka and …
Online gaming firms face survival challenge after Supreme Court GST ruling, tax experts warn
The Supreme Court’s decision upholding GST on the full value of bets placed on online gaming platforms is expected to…
Small gaming companies to shut shop after sin tax as gamers move offshore
The online gaming industry expects small business houses to shut down their operations as gamers move to greener pastures in countries such as the UK and Sweden without any legal recourse in case of any dispute.
GST restructure plan: In new regime, online gaming likely to be placed in top bracket
With the Government proposing to overhaul the GST regime with a special rate of 40 per cent on “sin and demerit…
Hon’ble Supreme Court has concluded its hearing on online gaming. Here are the key arguments from the Revenue and Taxpayers sides
Arguments of Revenue and that of Taxpayer is tabulated by the author giving a good read about the SC ruling on online gaming.
Tobacco, gaming stocks sink as Centre mulls 40% GST on sin goods
Tobacco and online gaming stocks traded in the red on Monday, August 18, after the reports suggested that the Centre suggested a 40 percent GST slab on ‘sin goods,’ sparking some selling in these counters.
Gameskraft GST SC Day 31 hearing: SC concludes oral hearings after 90+ hours, reserves judgement
The Supreme Court today concluded hearings in the Gameskraft batch of GST cases after 31 days of substantive arguments spanning more than 90 hours. Judgment is now reserved, with parties allowed two weeks to file their final written submissions. Matters relating to the challenge to Rule 31A of the GST Rules by turf clubs and challenge to Rule 31C by casino operators have been de-tagged and will be heard separately.
Govt misled SC, altered GST notice grounds to sustain tax demand: Gaming firms
As the Supreme Court approaches the final hearings in the landmark GST case against online gaming operators, senior advocate Harish Salve, appearing for the E-Gaming Federation, accused the Union Government of misleading the Supreme Court by significantly altering the legal foundation on which it issued show cause notices (SCNs) to online gaming operators.
GST on online gaming: Centre argues before SC that full value of bets should be taxed
The Centre has told the Supreme Court on August 5 while presenting rejoinders to the arguments presented by online gaming companies that the entire stake amount, or the ‘full face value of bet’, should be considered for taxation, as without stakes placed, the gaming entities would never supply any ‘actionable claim’, in this case betting and gambling.