EWA Centre’s Post

#ICYMI: We recently spoke with Indian gaming specialist Manav Bhargava, to explore the Indian gaming market a year on from the Government's 28% tax hike on online operations. Watch / listen to the full conversation on https://lnkd.in/dDYdB_AD

Could revisions to the Goods and Services Tax (GST) derail India's online gaming growth? The skill-based online gaming industry has been impacted by the high tax rates under the GST regime. To learn more about mitigating the impact of GST on the gaming business, download our detailed report. https://go.ey.com/4cB24Yd #BetterWorkingWorld #GSTGaming #OnlineGaming

Understanding GST on online money gaming with DREAM11 case study : Back in 2023, A whooping amount of ₹40,000 crore of GST evasion related notice has been served to dream11. Earlier, as per GST Acts (CGST, SGST, UTGST or IGST), GST is applicable on online gaming if it is a game of chance (Like a lottery). As per the view of dream11 it is a game of skill but not a game of chance as winning depends upon the skill and knowledge related to the game that the participants possess but not on mere luck. [ "But now GST is applicable for all the online money gaming platforms and attracts GST not only on profits but on the whole transaction amount even if it is a game of skill". ] {As of today GST is applicable on Horse racing, Casinos, Betting, Lottery, online money gaming and Gambling} #gstcompliance #onlinegaming

Online Gaming in India: Legal Maze or Opportunity?🎮 India’s online gaming industry is booming, but do you know the legal tightrope that gamers and developers are walking on? From the blurred lines between skill and chance to the new 28% GST, the landscape is evolving fast. 💸 Want to know how these laws might affect your next game or investment? Dive into the details and stay ahead of the curve! 🧐 Read the full blog through the link in the first comment! #OnlineGaming #LegalInsights #GamingIndustryIndia

🎮🕹️ Attention gamers and gaming enthusiasts! The Supreme Court is set to hear pleas challenging the 28% GST on online gaming companies this July. This development could have significant implications for the gaming industry and its players across the country. The debate over GST on online gaming has been ongoing, with many arguing for a reevaluation of the tax rate to ensure fairness and sustainability within the gaming ecosystem. As the gaming landscape continues to evolve and gain traction, it's crucial to address these regulatory issues to foster a conducive environment for growth and innovation. Stay tuned as we keep you updated on this important development. Your voice matters in shaping the future of gaming in India! Follow EWA Centre for more such updates. . #ewacentre #EPWA #supremecourt #GST #gaming #gamingindia #onlinegaming #gamingcommunity #gamingupdates #onlinegamers

India's Online Gaming Sector Faces Revenue Decline amidst GST Hike https://lnkd.in/g8HaeEdS #OnlineGamingApp #GST #revenuedecline #thesiliconreview #InnovationLeaders #BusinessInsights #IndustryInnovations #InnovationLeadership

#GamingIndustry disappointed as #GST demands ignored by council The Goods and Services Tax (GST) Council reportedly failed to address the #gaming industry's demands for a revised tax structure as the companies proposed a 28 per cent GST levy on Gross Gaming Revenue (GGR) instead of the current system that taxes the full value of bets placed in online games. #games #gaming #gameplay #onlinegame #bgmi #streaming #pcgame #pcgaming #mobilegame #mobilegaming

Buy Now: https://lnkd.in/g9rtsKUG Taxation Regime for Online Gaming (As amended by the Finance Act, 2023) ◼️Legal position and regulatory framework of online fantasy sports gaming in India. ◼️Overview of popular online games in the Indian gaming market. ◼️Taxation aspects including income computation, TDS provisions, and changes effective from April 1, 2023.

Tanisha Khanna, Ipsita Agarwalla, Morvi Chaturvedi, and Rhythm Vijayvargiya examine the current status of online gaming laws in India in their latest contribution for Advennt. Authors discuss issues related to licensing & regulation, enforcement, marketing, fees and taxation aspects, intricate balance between skill and chance based games and what lies ahead for the online gaming industry. https://lnkd.in/ddbgKCp2 #gaminglaws #onlinegaming #gaming #sportsandgaming

Buy Now: https://lnkd.in/g9rtsKUG Taxation Regime for Online Gaming (As amended by the Finance Act, 2023) ◼️Legal position and regulatory framework of online fantasy sports gaming in India. ◼️Overview of popular online games in the Indian gaming market. ◼️Taxation aspects including income computation, TDS provisions, and changes effective from April 1, 2023.