Category: Games
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Only Income Generated By Online Gaming Platforms Should Be Subjected To GST
Recently gaming company representatives from the leading companies met authorities to discuss the taxation issue facing online gaming companies. Company representatives from companies such as sky exchange-id.info raised their concerns regarding the proposal to levy higher goods and services tax on the gaming industry. Gaming platforms and companies that operate the platforms are concerned that…
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The Government Is Reducing The Compliance Burden On Online Gaming Companies
The government has been trying to create a conducive environment for online gaming companies. To achieve the goal the central government has taken a number of steps. From giving sun-rising status to online gaming platforms such as sky exchange-id.info to enacting laws for the safety of online gamers, the constant effort of authority has been…
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The Online Gaming Industry Is Sun Rising Industry According To The New Proposed Amendments
The online gaming industry in the country is likely to touch 8.6 billion US$ in the next few years compared to just 2.6 billion US$ $ in 2022. At the same time, the player’s base is increasing rapidly in tier 2 and tier 3 cities. Already there are multiple unicorns in the online industry. The…
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Recognition Of Games Of Skill Is Emerging In Online Gaming Industry
The consensus is emerging that games based on the skill of a player are not games of chance, and thus are within the legal framework for online gaming. The government of India is also seemed to come to the same view. It proposed a draft regulatory frame for online games, which is under discussion among…
