SC stays GST show-cause notices to online gaming sector in temporary relief, ET LegalWorld
The Supreme Court on Friday stayed the Goods and Services Tax (GST) show-cause notices, issued to several online gaming companies to the tune of Rs 1.12 lakh crore, providing temporary relief to the sector. The apex court stayed all further proceedings with respect to all show-cause notices, issued by the Directorate General of GST Intelligence […]
SC stays GST notices worth over Rs 1 lakh crore against online gaming firms for tax fraud, ET LegalWorld
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. A bench of Justices J B Pardiwala and R Mahadevan said the matters required hearing and all proceedings against the gaming companies should remain stayed in the […]
Supreme Court to hear gaming firms’ challenge to 28% GST rule, ET LegalWorld
The Supreme Court will hear on Friday a clutch of petitions by online gaming companies and casinos seeking stay on proceedings related to tax notices issued by the Directorate General of GST Intelligence (DGGI) since 2023. The gaming firms have challenged the government’s decision to retrospectively impose 28% goods and services tax (GST) on the […]
DGGI identifies 642 online gaming cos for investigation: MoS Finance, ET LegalWorld
As many as 642 offshore entities offering online money gaming have been identified till date for investigation on potential tax evasion, by the Directorate General of GST Intelligence (DGGI), Parliament was informed on Monday. The offshore online gaming entities which have been found non-responsive and non-cooperative during the investigation, have been informed to the Ministry […]
CCI probes Google over unfair practices in real money gaming app listings, ET LegalWorld
Fair trade watchdog CCI on Thursday ordered a probe against Google and its affiliates in relation to listing of real money gaming apps on Play Store after finding that their practices prima facie violate competition norms. The order has come on a complaint filed by WinZo Games Pvt Ltd, a digital gaming platform, alleging that […]
Sebi cautions investors against unauthorized virtual trading, gaming platforms, ET LegalWorld
Markets regulator Sebi on Monday cautioned investors against undertaking trading activities through virtual trading or gaming platforms and asked them to deal only through registered intermediaries. The advisory statement came after the Securities and Exchange Board of India (Sebi) noticed that some apps /web applications / platforms are offering virtual trading services or paper trading […]
Legal experts weigh in on DPDP Act’s impact on online gaming sector, ET LegalWorld
On October 1, The All-India Game Developers’ Forum (AIGDF), in partnership with the Indian Governance and Policy Project (IGAP) has released their report titled “Anticipated Impact of the Digital Personal Data Protection Act, 2023 on the Online Gaming Sector.” The report offered recommendations on crucial clarifications and potential exemptions for gaming, especially concerning parental consent, […]
Online gaming industry evaluates compliances, handling of kids’ data, ET LegalWorld
As Indian’s online gaming industry awaits the implementation of the Digital Personal Data Protection (DPDP) Act, 2023, experts have offered recommendations on crucial clarifications and potential exemptions for gaming, especially concerning parental consent, the handling of children’s data and compliance timelines for data processing restrictions. The rules for the DPDP Act will be released soon […]
Experts call for clear regulation and tools to curb online gaming tax evasion, ET LegalWorld
Recently, The DGGI (Directorate General of GST Intelligence) has detected tax frauds to the tune of more than Rs. 2 Lakh Crore during the Financial Year 2023-24 and recovered more than Rs. 26.5 Thousand Crore of such evaded tax. DGGI has unearthed number of modus operandi by which tax evasion was been done such as […]
DGGI flags online gaming as ‘high-risk’ sector, recommends blocking 167 websites, ET LegalWorld
The Directorate General of GST Intelligence (DGGI) has urged for increased scrutiny of online gaming platforms, citing concerns over potential tax evasion and money laundering risks. According to news agency PTI, an inter-departmental committee with representatives from the Enforcement Directorate (ED), Reserve Bank of India (RBI), tax, and consumer affairs departments may be set up. […]