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Tag: GST on video games

Video-gaming firms write to PMO seeking distinction from real-money gaming industry

Posted on July 26, 2023 By admin
Video-gaming firms write to PMO seeking distinction from real-money gaming industry

The video gaming industry has said the term ‘online gaming’ is a broad and ambiguous term that is causing confusion among gamers, games publishers, international investors and media amid the GST row. Image used for representational purposes only. | Photo Credit: Special Arrangement As many as 45 video game companies in India on July 26,…

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Business

GST Council to impose 28% tax on online gaming firms

Posted on July 11, 2023 By admin
GST Council to impose 28% tax on online gaming firms

Union Finance Minister Nirmala Sitharaman with Revenue Secretary Sanjay Malhotra during the 50th Goods and Services Tax (GST) Council Meeting at Vigyan Bhawan, in New Delhi, on July 11, 2023. | Photo Credit: PTI The Goods and Services Tax (GST) Council, at its 50th meeting on July 11, reduced or clarified the tax rate on…

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