Online concerns
Online gaming and gambling are two different activities that are often confused or considered together, due to their association with the internet, and the potential for financial transactions.
Online gaming and gambling are two different activities that are often confused or considered together, due to their association with the internet, and the potential for financial transactions.
The Centre has said that there should be at 28 per cent GST on online gaming industry starting from October 1 even as the industry has raised concerns on the applicable GST Rates.
During the GST Council meeting, states pointed out that dues being demanded from some firms is much more than their turnover.
The amendments to the Integrated GST (IGST) Act make it mandatory for offshore online gaming platforms to take registration in India and pay taxes in accordance with domestic law.
These amendments, according to the central government, will provide clarity on the taxation of supplies in casinos, horse racing and online gaming.
Video game players, under the age of 18, will be restricted to 8 p.m. to 9 p.m. on Fridays, Saturdays and Sundays, as well as on public holidays, according to the National Press and Publication Administration (NPPA).
The number of UPI transactions grew by 288 per cent and expenditure through UPI grew a phenomenal 331 per cent between 2019 and 2020.
And online gaming which includes real money games (RMG), fantasy games, mobile-centric/casual games, and e-sports has emerged as an integral part of the wave of digitalisation the world is currently witnessing.
It further said that “every such gaming advertisement must carry the following disclaimer: 'This game involves an element of financial risk and may be addictive. Please play responsibly and at your won risk'."
The free-to-play and cross-platform experience, Call of Duty: Warzone, is available to download for free.
