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Probe Agency Freezes Rs 523 Crore In Assets Of Gaming Firms WinZO, Gameskraft
The ED on Monday said it has frozen collective deposits worth about Rs 523 crore of online gaming companies WinZO and Gameskraft as the platforms allegedly "held" funds worth crores of rupees that should ideally have been refunded to players.
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IT Minister Ashwini Vaishnaw Said to Have Met Real Money Gaming Firms to Discuss Transition After Ban
IT Minister Ashwini Vaishnaw and government officials reportedly met representatives from firms impacted by the new Online Gaming Bill on Monday. The minister held discussions with the firms over "orderly transition" and compliance with the ban on real money games.
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Online Money Games Ban Faces First Legal Challenge From Rummy, Poker Games Firm A23
In a court filing at the High Court of Karnataka in southwestern India, A23, which offers rummy and poker games, said the law "criminalises the legitimate business of playing online games of skill, which would result in the closure of various gaming companies overnight".
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India Faces First Legal Challenge Against Online Money Games Ban: Report
Gaming company A23 has challenged the government's ban on online money-based games, a legal filing shows, in the first case against a law that led to the sudden shutdown of popular contests and has thrown the industry's future into doubt.
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Chinese Man Sues Gaming Firm For Depression After Getting 4,800 Virtual Slaps
A long-time Chinese player of an online video game has dragged its developer to court, alleging he slipped into depression after being virtually slapped 4,800 times by in-game goods.
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Supreme Court Stays GST Notices Worth Over Rs 1 Lakh Crore Against Gaming Firms
The Supreme Court on Friday stayed showcause notices issued by GST authorities worth over Rs 1 lakh crore to online gaming companies and casinos over alleged tax evasion.
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Indian Video Games Industry Seeks Distinction From Real Money Games, Sends Policy Suggestions to Centre
A consortium of Indian video games and esports companies have written to the newly formed government, requesting a comprehensive industry-focussed policy, regulatory streamlining and a clear distinction from real money games that are often conflated with video games under the “Online Games” umbrella term.
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Notices Issued To Gaming Firms Over Rs 1.12 Lakh Crore GST Evasion: Centre
As many as 71 show cause notices have been issued to online gaming companies for alleged GST evasion of over Rs 1.12 lakh crore during financial years 2022-23 and 2023-24, the finance ministry said today.
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Betting-Based Online Gaming Firms Said to Face Rs. 1 Lakh Crore GST Notices
India's online gaming industry has received show-cause notices amounting to Rs. 1 lakh crore say sources. The notices come even as the industry has raised concerns on the applicable GST Rates.
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Will Seek Withdrawal Of Tax Notices To Online Gaming Companies: Atishi
Delhi Finance Minister Atishi today said tax evasion notices worth Rs 1.5-lakh crore to online gaming companies will finish them and vowed to seek their withdrawal at the GST Council meeting during the day.
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Probe Agency Freezes Rs 523 Crore In Assets Of Gaming Firms WinZO, Gameskraft
The ED on Monday said it has frozen collective deposits worth about Rs 523 crore of online gaming companies WinZO and Gameskraft as the platforms allegedly "held" funds worth crores of rupees that should ideally have been refunded to players.
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IT Minister Ashwini Vaishnaw Said to Have Met Real Money Gaming Firms to Discuss Transition After Ban
IT Minister Ashwini Vaishnaw and government officials reportedly met representatives from firms impacted by the new Online Gaming Bill on Monday. The minister held discussions with the firms over "orderly transition" and compliance with the ban on real money games.
-
Online Money Games Ban Faces First Legal Challenge From Rummy, Poker Games Firm A23
In a court filing at the High Court of Karnataka in southwestern India, A23, which offers rummy and poker games, said the law "criminalises the legitimate business of playing online games of skill, which would result in the closure of various gaming companies overnight".
-
India Faces First Legal Challenge Against Online Money Games Ban: Report
Gaming company A23 has challenged the government's ban on online money-based games, a legal filing shows, in the first case against a law that led to the sudden shutdown of popular contests and has thrown the industry's future into doubt.
-
Chinese Man Sues Gaming Firm For Depression After Getting 4,800 Virtual Slaps
A long-time Chinese player of an online video game has dragged its developer to court, alleging he slipped into depression after being virtually slapped 4,800 times by in-game goods.
-
Supreme Court Stays GST Notices Worth Over Rs 1 Lakh Crore Against Gaming Firms
The Supreme Court on Friday stayed showcause notices issued by GST authorities worth over Rs 1 lakh crore to online gaming companies and casinos over alleged tax evasion.
-
Indian Video Games Industry Seeks Distinction From Real Money Games, Sends Policy Suggestions to Centre
A consortium of Indian video games and esports companies have written to the newly formed government, requesting a comprehensive industry-focussed policy, regulatory streamlining and a clear distinction from real money games that are often conflated with video games under the “Online Games” umbrella term.
-
Notices Issued To Gaming Firms Over Rs 1.12 Lakh Crore GST Evasion: Centre
As many as 71 show cause notices have been issued to online gaming companies for alleged GST evasion of over Rs 1.12 lakh crore during financial years 2022-23 and 2023-24, the finance ministry said today.
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Betting-Based Online Gaming Firms Said to Face Rs. 1 Lakh Crore GST Notices
India's online gaming industry has received show-cause notices amounting to Rs. 1 lakh crore say sources. The notices come even as the industry has raised concerns on the applicable GST Rates.
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Will Seek Withdrawal Of Tax Notices To Online Gaming Companies: Atishi
Delhi Finance Minister Atishi today said tax evasion notices worth Rs 1.5-lakh crore to online gaming companies will finish them and vowed to seek their withdrawal at the GST Council meeting during the day.
