online gaming

The Centre will bring amendments to the Central GST law in the ongoing monsoon session of Parliament, following which states will pass the amendments to State GST law in their respective assemblies

The amendment in GST law and rules as per decision taken by Council in the previous meeting will be put up to Council for approval

Redseer's analysis shows a 24% jump in gross gaming revenue from INR 2250 crore in IPL 2022, and the market has grown at a CAGR of 30% since IPL 2019

The Central Board of Direct Taxes issued circular 'Guidelines for removal of difficulties under sub-section (3) of section 194BA of the Income-tax Act, 1961' shared that anyone who is responsible for paying any income by means of winnings through online games is required to deduct income tax on the net income from the user's account