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Over a dozen global venture capital investors in Indian gaming startups have urged the government to retain the current Goods and Services Tax (GST) levied on gross gaming revenue (GGR) instead of on total deposits. This comes amid widespread concerns…
The Group of Ministers (GoM) has agreed to recommend hiking the GST rate on casino, race course and online gaming services to 28 per cent. In a meeting held on May 2, the GoM discussed various aspects, including the possible…
Leading industry body, Internet and Mobile Association of India (IAMAI), has shot off letters to the Finance Ministry as well as the GST Council, urging that only Gross Gaming Revenues (GGR) should be considered for levying GST, and that the…