#Meghalaya

Deccan Herald

Real Money Online Casinos with up to ₹1 Lakh Bonus

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Payment Methods ・ 13 December 2023

Great Andhra

Are Online Casino Apps Legal in India?

Online casino apps are a popular way of enjoying various casino games on mobile devices, such as slots, roulette, blackjack, poker, and baccarat. Online casino apps can provide fun, convenience, and lucrative opportunities for players who love gambling. However, in India, the legal situation of online casino apps is not clear-cut, as it depends on…

Law ・ 14 October 2023

Hindustan Times

Activist moves HC, seeks ban on ads of online gambling platforms

MUMBAI: A social activist from Ulwe in Navi Mumbai has approached the Bombay high court, seeking a ban on advertisements of online gambling games, like Rummy. Claiming that though gambling is prohibited under the Maharashtra Prevention of Gambling Act, 1887, no action was being taken against the online gambling platforms, the activist, Rajendra…

Law ・ 03 October 2023

The Crypto Times

Crypto Casinos: A Decentralized Take on Online Gambling

While an amalgamation of gambling and DeFi might seem like a distant vision to most, crypto casinos have actually been a widely-used, popular reality for thousands of gamblers. Established in 2012 (3 years after BTC came into existence), the idea of crypto casinos has managed to stay an underground industry for well over a decade. While crypto…

Crypto ・ 20 September 2023

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Dazeinfo

Indian Online Gaming Market in Doldrums: 28% GST Could Be Disasterous

The latest announcement of a tax increase by the GST council on the online real money gaming industry has sent shockwaves through businesses like Dream11, MPL, Crickpe, Games24x7, and players in the industry. In fact, the move has apparently jeopardised their future growth plans and their existence. The GST council, led by the formidable Union…

Industry ・ 12 July 2023

Lexology

ERGO Analysing Development Impacting Business: Tamil Nadu Bans Online Gambling

1.1 The Tamil Nadu Prohibition of Online Gambling and Regulation of Online Games Bill 2022 (Bill) received the assent of the Governor of Tamil Nadu, Mr R N Ravi, on 7 April 2023. Pursuant to the Madras High Court striking down the Tamil Nadu Gaming and Police Laws (Amendment) Act 20211, the Tamil Nadu government constituted a fivemember committee…

Law ・ 24 April 2023

Odisha News

Why Online Casinos Are Gaining Momentum in India: Is it Legal?

In 2020, MyBetting India reported that over 300 million Indians place bets online at least once a year and over 100 million do so on a regular basis. Without a doubt, Indians love to gamble. Whether it's sports betting or online casino gaming, many Indians would easily have a great time with either. Thanks to the internet, gambling activities are…

Industry ・ 28 February 2023

Sporting Ferret

Online Casino in India

Online casino India offers a wide range of games for Indian gamblers. This includes live dealer casinos, tables games, and slots. Most of these sites have over 1000 casino games, including a massive collection of slot machines and progressive jackpots. You will also find a variety of table games, including baccarat or roulette. There is even…

Payment Methods ・ 23 February 2023

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Should an International Online Gambling Project Enter the Indian Market? Legal Aspect

Today, India is one of the fastest-growing economies in the world, and its potential is just beginning to unfold. Speaking about the most popular business niche to which development India offers loyalty at the state level is the online gambling industry.What is the reason for such loyalty? First off, the absence of strict legislative regulation of…

Law ・ 09 February 2023

India Legal

The legality of Online Gambling in India: Current Regulations and What’s Ahead

Recent statistics show that around 40% of Indian adults have gambled at least once on online platforms. It's not a secret that Indians are fond of gambling activities like card games and sports betting. That is why it's not surprising that casino operators see India as one of the countries with a huge potential for market growth. While online…

Law ・ 16 January 2023

CNBC TV 18

Gst Gom Report On Online Gaming, Casinos, Race Courses Finds No Consensus, Say Officials

The much awaited GST Council nominated Group of Ministers (GoM) report on taxation of online gaming, casinos and race courses was submitted by convener-Meghalaya Chief Minister Conrad Sangma to union Finance Minister Nirmala Sitharaman on Thursday. Sangma, after presenting the report said that the GoM could not arrive at a consensus and has…

Law ・ 27 December 2022

Brand Equity

GST Council decriminalises some types of offences, defers call on online gaming, horse racing and casinos

online gaming, horse racing and casinos. The Council also increased the monetary threshold for launching prosecution for some GST offences."GST Council agreed to decriminalise certain offences, and the threshold of launching prosecution has been doubled to Rs 2 crore," said Revenue Secretary Sanjay Malhotra.Malhotra added that GST on online gaming…

Industry ・ 21 December 2022

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The Indian Express

GST on online gaming, casinos, racing: issues in the debate

The final call about the valuation mechanism, however, will be taken by the GST Council as the GoM members have differed on whether it should be levied on the platform fee or the entire amount paid by the participants. The panel, which met on Tuesday (November 22), is likely to fall back on the initial report presented before the GST Council in…

Industry ・ 18 December 2022

Brand Equity

Explained: Tamil Nadu's New Law On Ban Of 'Games Of Chance' And Gambling

The Tamil Nadu government has stated that although only internet gambling has been outlawed in the state, no comprehensive ban on online games has been proposed. They are now asking Governor R. N. Ravi to sign a bill that will outlaw online gambling and govern online games with in state. S. Raghupathy, the state's law minister, noted that no…

Law ・ 18 December 2022

Financial Express

28% GST on gambling-like online games

Online games where winning is dependent on a certain outcome would attract 28% GST on the full bet value, Central Board of Excise and Customs chief Vivek Johri said on Saturday, even as the report of a group of ministers on the contentious issue is still awaited by the GST Council. "The view of the department on levying GST on online gaming is very…

Industry ・ 18 December 2022

Hindustan Times

GST: GoM on online gaming, casinos submits report to Sitharaman

The panel of state ministers set up by the GST Council to look into taxation of online gaming and casinos on Thursday submitted its report to Finance Minister Nirmala Sitharaman. The GST Council, chaired by Sitharaman, may take up the report in its next meeting on Saturday (December 17). "Presented the Second Report of the Group of Ministers (GoM)…

Industry ・ 17 December 2022

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GST fail to reach a consensus on online gambling and gaming in India

A proposed blanket tax rate of 28% on goods and services could severely hamper the booming gaming and gambling sector in India. This rate hike on Goods and Services Tax (GST) would be applicable to all types of online gaming. Currently, the GST is 18%, and an increase to 28% is believed to make it unviable for many companies to conduct business in…

Law ・ 15 December 2022

Firstpost

Here's why Ministers are recommending uniform 28% GST on online gaming, casinos, horse racing

The online gaming sector in India is one of the fastest-growing sectors in the media and entertainment space. In a bid that is expected to hit the nascent online gaming industry in the country, the ministers on Tuesday reiterated that the goods and services (GST) tax be hiked by 10 per cent to the uniform slab of 28 per cent, irrespective of…

Industry ・ 25 November 2022

The Quint

What Does India's Law Say About Online Gaming and Online Gambling?

On 16 November, the Madras High Court withdrew a batch of petitions challenging a Tamil Nadu state ordinance that bans online gaming and online gambling, after the state government said that the ordinance had not come into effect yet. Even as this happens, a central government-appointed task force has recommended a new nationwide legislation to…

Industry ・ 17 November 2022

Business Standard

Online Gaming: Why India needs a central regulatory framework for online gaming?

To bring about uniformity in the industry, the central government is exploring the need for a central regulatory framework. The policymakers have begun consultations and discussions for such a framework, a report by Economic Times (ET) said. The regulator will have power to block unregistered gaming platforms. The operators will reportedly be asked…

Law ・ 10 October 2022

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AIGF welcomes India’s call for ban on online gambling media ads

The All India Gaming Federation (AIGF) has welcomed the Indian government's call to television and digital media to stop showing ads for online gambling sites. The Ministry of Information and Broadcasting put out an advisory earlier this week, saying such sites pose significant financial and socio-economic risks for consumers, especially youth and…

Law ・ 06 October 2022

Outlook

GST Council Meeting Delayed As States’ Ministers Undecided On Tax Formula On Casinos, Horse Racing And Online Games

The Goods and Services Tax (GST) Council meeting that was scheduled to be held in August this year has been delayed as the group of ministers' (GoM's) report for levying of GST on online gaming, horse racing, and casinos is yet to decide on whether to classify such games as games of skill or games of chance, a senior state government official told…

Finance ・ 04 October 2022

India Legal

Centre Expected to Tax Online Gaming and Gambling Separately, Avoid Debate on Regulation

Group of Ministers delaying final say on GST rates for online games, relying on more feedback from industry stakeholders and legal counsel. However, experts warn that casinos, horse racing and online skill games are not only dissimilar but they also need a well-structured legal framework for taxation to actually work. The Group of Ministers (GoM)…

Finance ・ 04 October 2022

The Covai Post

The Online Gaming (Regulation) Bill, 2022: A Welcome, but Insufficient Step in the Right Direction

Legislative Initiative Aimed at Boosting the Gaming Sector and Protecting the Players The Online Gaming (Regulation) Bill, 2022 was proposed as a private legislative initiative in the Lok Sabha on April 1 this year by MP Adv. Dean Kuriakose from Kerala. The draft bill is aimed at the creation of a regulated legal environment for gaming activities…

Law ・ 27 September 2022

Highland Post

With casino idea dead, TMC attention turns to online gambling

Now that the state government appears to have bowed to public pressure and frozen the introduction of casinos in Meghalaya, the attention of the opposition Trinamool Congress has now turned to the moral threat of online gambling. Even though the state government was at pains to point out that the casinos would be off limits to local punters,…

Incidents ・ 19 September 2022

Web India

Meghalaya govt backtracks on casinos plan

Succumbing to the protests and pressure from Church bodies, NGOs, local and national parties over the issuance of temporary licences to run three casinos, the Meghalaya government has backtracked on the contentious move. Chief Minister Conrad K. Sangma on Friday said that the government would first try to take the people into confidence before…

Religion ・ 17 September 2022

Brand Equity

meghalaya: Meghalaya government has put on hold the move to set up casinos in the state

Chief minister, Conrad K. Sangma said, "We have given instruction to stop any further process to happen, but the processes that happen before that order was given, those processes are there, hence the decision that we have taken and the communication that we have made to everybody was we are not going to move any further then where we are Before…

Religion ・ 16 September 2022

The Indian Express

Under ‘pressure’ from Church, Meghalaya decides to scrap casino plans

Following stiff resistance from the Church and social organisations, the Meghalaya government has decided to scuttle its plans to open casinos in the state. The state government had recently issued provisional licenses to three firms to open casinos to boost tourism and revenue. The Church and various social organisations opposed the move claiming…

Religion ・ 16 September 2022

Hub News

No casino will be established in State, provisional licenses to lapse automatically: assures Conrad

Shillong, Sept 15: Chief Minister Conrad K Sangma has reiterated that the Meghalaya Democratic Alliance (MDA) government will not go ahead with its decision to establish a casino following stiff opposition from different quarters of the society. "As soon as the people expressed their concerns about this (casino) we have put a stop to any further…

Politics ・ 15 September 2022

Gadgets 360

Meghalaya Allows Up To 3 Casinos To Attract Tourists Amid Opposition

Amidst strong opposition from various circles against the issuance of licences to operate casinos in Meghalaya, the state government has issued licences to set up three casinos in the hilly state, officials said on Wednesday. The Joint Action Committee Against Casino (JACAC) and other organisations have been strongly agitating against the setting…

Travel ・ 14 September 2022

New Indian Express

GST Panel may not treat online gaming as gambling- The New Indian Express

NEW DELHI: The Group of Ministers (GoM) on casinos, race courses and online gaming are open to considering different rates and valuation methods for all three games. This necessarily means that the GoM may have agreed to the demand for not treating the online gaming industry as betting or gambling. The shift in the stance of GoM happened after its…

Industry ・ 06 September 2022

Financial Express

GST on Online Gaming: GoM to tax casinos, gaming and horseracing separately

The Group of Ministers (GoM) on Monday decided to tax horse racing, online gaming and gambling separately, delivering a win for the gaming industry. While the GoM is still undecided and has seeked legal opinion before submitting the final report of the goods and services tax (GST) levied on the industry, the report will no longer club online gaming…

Finance ・ 06 September 2022

CNBC TV 18

I-T Dept Tells Online Gaming Winners To ‘Voluntarily’ Pay Taxes; Indian Company Under Scanner

Direct tax officials are believed to be scrutinising data of winnings for up to Rs 58000 crore over the past three years on an Indian online gaming platform. A GoM meet on GST for online games is on today. The Income Tax Department has urged winners of online games to disclose their incomes, file updated income tax returns (ITR-U) and pay the…

Finance ・ 06 September 2022

Financial Express

Bengal, UP back 28% GST on full value for online gaming

West Bengal and Uttar Pradesh on Monday supported goods and services tax (GST) on online gaming, horse racing and casinos at a uniform rate of 28% on the full value of the consideration, without making a distinction between games of skill or chance, even as the group of ministers (GoM) on the matter sought legal advice. The GoM will take legal…

Industry ・ 06 September 2022

Business Today

GST on online gaming, casinos and horse racing soon, might be put in 28% slab

The Group of Ministers (GoM) met on Monday in New Delhi to talk about levying GST on online gaming, casino and horse racing. The GoM is open to considering all three games as different and is further looking at legal opinion on the applicable rate and valuation base that will be considered for levying GST on all three formats. Meghalaya Chief…

Industry ・ 06 September 2022

Business Standard

GoM on casinos, online gaming taxation may finalise report in 7-10 days

A panel of state finance ministers on taxation of casinos and on Monday met and decided to seek legal opinion on valuation criteria for all these segments. The Group of Ministers (GoM) headed by Meghalaya chief minister Conrad Sangma said, "After taking the opinion of stakeholders and after successive meetings to seek the suggestions of all…

Finance ・ 05 September 2022

StudyCafe

GoM meeting on valuation of GST on casinos, online gaming and horse racing

GoM meeting on valuation of GST on casinos, online gaming and horse racing The Group of Ministers (GoM) Meeting will be held to discuss the valuation mechanism for GST to be levied on casinos, online gaming, horse racing. 1. GoM on casinos, online gaming and horse racing to meet today. 2. GoM to form consensus on valuation mechanism for GST to be…

Industry ・ 05 September 2022

The Hindu BusinessLine

IT Dept urges winners of online gaming platforms to file, pay taxes ‘voluntarily‘

New Delhi, September 4|Updated on:Sep 04, 2022 The Income Tax Department has urged'winners' of ₹58000 crore during the last three years on an online gaming platform to come forward and file updated or revised return and pay the required taxes. A Group of Ministers (GoM) is meeting on Monday to finalise its recommendations for GST on online gaming,…

Finance ・ 04 September 2022

Deccan Herald

What Is The Legal Status Of Playing Online Rummy In India?

A number of card games like Ghulam Chor, BlackJack, Rummy and Poker have always been an intrinsic part of Indian culture and are still played with great gusto during family get-togethers and festivals. In fact, festivals like Diwali and Janmashtami call for special game nights among friends and family. Rummy has snuck a sweet spot in the hearts of…

Rummy Games ・ 26 August 2022

BW Businessworld

Cash Starved Meghalaya Bets On Boosting Revenues With Gambling Tourism-BW Partners

State Gov't Expects Tax and Employment Generation from Licensing Offline and Online Gaming. 1661157306_mfEjId_BusinessWorld_Cash_Starved_Meghalaya_Bets_on_Boosting_Revenues_with_Gambling_Tourism.jpg Last year, the'Abode of Clouds', as the scenic mountainous north-eastern state of Meghalaya is known, adopted a new Gaming Act and backed it up with…

Travel ・ 22 August 2022

Business Standard

GoM on online gaming, casinos: No consensus yet on 28% GST on gross revenue

An empowered group of ministers (GoM) tasked by the (GST) Council to look into taxation of online gaming, races and casinos is yet to reach a consensus about imposing 28 per cent levy on gross gaming revenue (GGR). The group may take one or two weeks to finalise the report, although it was expected to be submitted by Wednesday. The panel headed by…

Finance ・ 11 August 2022

Brand Equity

online gaming: GoM on casinos, online gaming, horse racing to submit report to FM Nirmala in a day or two: Sources

ministers on taxation of casinos and online gaming is likely to submit its report to Finance Minister Nirmala Sitharaman in a day or two, government sources said on Thursday. The GST Council is likely to meet towards the end of this month or early September and discuss the report of the Group of Ministers (GoM), the sources added. The GoM, under…

Industry ・ 11 August 2022

Business Standard

GoM on casinos, online gaming to submit report to FM in 1-2 days: Report

A panel of state finance ministers on taxation of casinos and online gaming is likely to submit its report to Finance Minister Nirmala Sitharaman in a day or two, government sources said on Thursday. The GST Council is likely to meet towards the end of this month or early September and discuss the report of the Group of Ministers (GoM), the sources…

Industry ・ 11 August 2022

Mint

GST on online gaming, casinos? Here's what is on proposal

A panel of states' finance ministers is likely to submit their report on taxation of casinos and online gaming to FM Nirmala Sitharaman in a day or two, as per a report by PTI news agency. At present, the current rate of GST on this sector of the online skill gaming industry is 18% on the Gross Gaming Revenue (GGR) and 0% on Contest Entry Fee…

Industry ・ 11 August 2022

ABP News Live

Online Gaming Regulation Tamil Nadu Invite Stakeholder General Public Input Legislation Rummy Poker Gambling Nirmala Sitharaman Gom Gst

In order to regulate online gaming, the Tamil Nadu government now seeks input from the public on proposed legislation to control games such as online rummy. The development follows reports of at least 20 deaths by suicide that surfaced recently in the state owing to financial debts stemming from such games, including that of a woman who had to deal…

Rummy Games ・ 10 August 2022

Hub News

IAMAI Joins Online Gaming Industry Bodies in Warnings against Proposed GST Hike on Online Gaming

The Internet and Mobile Association of India (IAMAI) has issued an open letter urging the Central Government and the GST Council to preserve the status quo regarding Goods and Services Tax levy on online gaming. Currently, online gaming companies are charged 18 percent GST over their Gross Gaming Revenue (GGR) leaving the Contest Entry Fees (CEF)…

Industry ・ 28 July 2022

India Infoline

GoM on GST on Casinos will hear industry stakeholders on 23rd and 24th July

On July 23 in Bengaluru and on July 24 in Goa, the ministerial panel on casinos, racetracks, and internet gaming will convene in order to hear from the gambling and horse racing industries on the taxes of their respective industries. The GoM will likely hear from Bangalore Turf Club about a variety of racing-related topics, including GST-related…

Industry ・ 21 July 2022

Financial Express

GST GoM on casinos to meet on July 23-24

The ministerial panel on casino, race course and online gaming will meet on July 23 in Bengaluru and on July 24 in Goa to get industry perspective on taxation of horse racing and casinos, respectively. Bangalore Turf Club will likely make a presentation to the GoM on various aspects of the racing and issues related to GST. In Goa, the GoM will…

Winnings ・ 21 July 2022

Sakshi Post

28 Pc GST On Online Gaming, Casinos And Horse Racing

It is reported that the finance ministers of Goa, Uttar Pradesh, Gujarat, Tamil Nadu, Maharashtra, and revenue officials of Telangana will finalize the imposition of GST on online gaming, casinos, and horse racing. The GST council has been mulling increasing the tax on online gaming to 28 percent. The GST Council has given the Group of Ministers…

Industry ・ 18 July 2022

News18

GST: GoM Meet On Casino, Online Gaming Remains Inconclusive; To Meet Again Next Month

GoM members were all on board on levying a 28 per cent GST on all three activities - online gaming, casinos and race courses. Goods and Services Tax (GST): The group of ministers (GoM) on casinos, online gaming and horse racing, which has been tasked with examining the issue of levying a 28 per cent GST on these activities, met on Tuesday and the…

Industry ・ 13 July 2022

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Business Standard

GST: GoM to finalise report on casinos, online gaming by Aug 10

The state finance ministers' panel looking to bring online gaming and casinos under GST failed to reach a consensus on Tuesday and decided to finalise its report by August 10. Officials said the Group of Ministers (GoM) held a virtual meeting on Tuesday and discussed various methods of taxation of casinos, horse racing and online gaming. The panel…

Industry ・ 12 July 2022

Mint

GST on online gaming, casinos: Group of Ministers to finalise report by 10 Aug

The Group of Ministers (GoM) will finalise its report on taxing casinos, online gaming and horse racing by 10 August. In a virtual meeting held on Tuesday, the GoM discussed various methods of taxation of casinos, horse racing and online gaming. According to reports, the state finance ministers' panel looking to bring online gaming and casinos…

Industry ・ 12 July 2022

Devdiscourse

GST: Group of Ministers to finalise report on casinos, online gaming by Aug 10

The state finance ministers' panel looking to bring online gaming and casinos under GST failed to reach a consensus on Tuesday and decided to finalise its report by August 10. Officials said the Group of Ministers (GoM) held a virtual meeting on Tuesday and discussed various methods of taxation of casinos, horse racing and online gaming. The panel…

Industry ・ 12 July 2022

Zee News

Will GST on casino, online gaming, horse racing be hiked from 18% to 28%? Crucial GOM meet to decide today

New Delhi: The meeting of the Group of Ministers (GoM) will be held on Tuesday to decide on GST tax bracket for casinos, online gaming and horce racing. On May 29, while all eyes were set on extension of GST compensation mechanism for states and a highest 28 percent tax rate on online gaming, casinos and horse racing, a GoM report on online gaming,…

Industry ・ 12 July 2022

CNBC TV 18

West Bengal Pushes For 28% Gst To Discourage Online Gaming And Casinos A Day Before Panel Meets

West Bengal finance minister Chandrima Bhattacharya has told Network18 that the state would advocate a 28 percent goods and services tax (GST) charge to discourage online gaming, casinos, and horse racing. This comes after Goa objected to an earlier recommendation and said that casinos needed to be treated differently.The Group of Ministers (GoM)…

Industry ・ 11 July 2022

Financial Express

GST GoM on casinos and online gaming to meet on Tuesday: UP minister

The ministerial panel on casino, race course and online gaming will meet on Tuesday to finalise its report on taxing these activities, ahead of the Goods and Services Tax (GST) Council meeting in the first week of August, Uttar Pradesh finance minister Suresh Kumar Khanna said on Friday while speaking at an industry body Ficci event here. The…

Industry ・ 09 July 2022

Brand Equity

gst on online gaming: GoM on GST levy on casinos, online gaming to meet on July 12

The Group of Ministers (GoM) on casinos, online gaming and horse racing will meet on Tuesday to finalise its report on modalities taxing these activities that are akin to gambling. The GST Council, comprising the Centre and state finance ministers, had referred back the report to the GoM for further discussion and set a deadline of July 15 for the…

Industry ・ 09 July 2022

Financial Express

GoM on GST levy on casinos, online gaming to meet on July 12

The Group of Ministers on casinos, online gaming and horse racing will meet on Tuesday to finalise its report on modalities taxing these activities that are akin to gambling. The GST Council, comprising the Centre and state finance ministers, had referred back the report to the Group of Ministers (GoM) for further discussion and set a deadline of…

Industry ・ 08 July 2022

Mint

Decision on GST levy on casinos and online gaming on July 12

The Group of Ministers on casinos, online gaming and horse racing will meet on July 12 to finalise its report on modalities taxing these activities that are akin to gambling. The GST Council, comprising the Centre and state finance ministers, had referred back the report to the Group of Ministers (GoM) for further discussion and set a deadline of…

Industry ・ 08 July 2022

TalkEsport

GST Council may not increase the tax rate on online gaming, casinos

The GST Council adjourned the Group of Ministers on imposing 28% goods and services tax (GST) on casinos, online gaming, and lottery. The GoM formed under the orders of the GST Council is asked to submit the report on the issue after 15 days. Headed by Meghalaya chief minister Conrad Sangma, the members will review its proposals. The GoM will…

Finance ・ 04 July 2022

Brand Equity

Group of Ministers may not tweak 28% GST on online gaming, casinos

The group of ministers (GoM) reviewing the goods and services tax slabs for online gaming, horse racing and casinos is unlikely to tweak the 28% rate recommended for these activities, people aware of discussions said. The GST Council has given the GoM, headed by Meghalaya chief minister Conrad Sangma, time till July 15 to review its proposals. The…

Industry ・ 04 July 2022

5 Dariya News

Online gaming is gambling like casinos

Union Finance Minister Nirmala Sitharaman on Wednesday categorically termed online gaming "nothing but gambling".Addressing the media at the conclusion of the two-day meeting of the Goods and Services Tax (GST) Council held in Chandigarh, Sitharaman said casinos, horse-racing, and online gaming are all gambling. "Whether it is horse-racing or…

Industry ・ 02 July 2022

India Today

GST council defers 28% tax on online gaming, casinos and horse racing

The GST Council on Wednesday deferred the proposal to levy a 28 per cent tax on online gaming, casinos and horse racing. The council during the second day of its meeting in Chandigarh sent the proposal back to a Group of Ministers (GoM) on casinos, horse racing and online gaming to re-examine the issues after holding discussions with the states and…

Finance ・ 30 June 2022

SME Futures

Online gaming gambling no decision on extending GST compensation date

Online gaming gambling: Union Finance Minister Nirmala Sitharaman on Wednesday categorically termed online gaming "nothing but gambling". She also said on the issue of extending the Goods and Services Tax (GST) compensation from June 30, the views of some states were heard so far but nothing was decided. Addressing the media at the conclusion of…

Industry ・ 30 June 2022

News X

Government Should Not Bow To Pressure On Gambling Regulation

Several influential groups are coming out in opposition to recent regulatory developments in the state of Meghalaya, and iGaming professionals are imploring a more nuanced and pragmatic approach to the issue. What are the current debate frameworks for both the pro-gambling and anti-regulatory bodies? Is there any hope of finding a national…

Law ・ 30 June 2022

Punjab News Express

Online gaming gambling, no decision on extending GST compensation date: Sitharaman (Lead)

CHANDIGARH: Union Finance Minister Nirmala Sitharaman on Wednesday categorically termed online gaming "nothing but gambling". She also said on the issue of extending the Goods and Services Tax (GST) compensation from June 30, the views of some states were heard so far but nothing was decided. Addressing the media at the conclusion of the two-day…

Industry ・ 30 June 2022

City Today

GST Council defers 28% tax on casinos, online gaming, horse racing and lottery

Prime News, National, Finance, Taxes, Chandigarh, June 30:- The GST Council on Wednesday (June 29) deferred a decision on levying a 28 percent tax on casinos, online gaming, horse racing and lottery pending more consultations with stakeholders, Union Finance Minister Nirmala Sitharaman said. A group of ministers headed by Meghalaya Chief Minister…

Lottery ・ 30 June 2022

Daijiworld

Online gaming is gambling like casinos: Nirmala Sitharaman

Chandigarh, Jun 29 (IANS): Union Finance Minister Nirmala Sitharaman on Wednesday categorically termed online gaming "nothing but gambling". Addressing the media at the conclusion of the two-day meeting of the Goods and Services Tax (GST) Council held in Chandigarh, Sitharaman said casinos, horse-racing, and online gaming are all gambling. "Whether…

Industry ・ 30 June 2022

Lexology

The road MAP to advertising real money online gaming

The popularity of online gaming platforms has soared high in recent times with enthusiasts from all age groups. The rising trend of demand for such games has made it critical to speculate its promotion through advertisements. The Ministry of Information and Broadcasting (" MIB ") has issued an advisory (" Gaming Advisory ") dated June 13, 2022 to…

Industry ・ 29 June 2022

Ommcom News

Online Gaming Is Gambling Like Casinos: Nirmala Sitharaman

Chandigarh: Union Finance Minister Nirmala Sitharaman on Wednesday categorically termed online gaming "nothing but gambling". Addressing the media at the conclusion of the two-day meeting of the Goods and Services Tax (GST) Council held in Chandigarh, Sitharaman said casinos, horse-racing, and online gaming are all gambling. "Whether it is…

Industry ・ 29 June 2022

Hindustan Times

Casinos, online gaming, horse racing likely to pay 28 per cent GST: Report

The GST Council in its meeting this week is likely to vet a proposal of the panel of state finance ministers on levying 28 per cent GST on online gaming, casinos and horse racing, sources said. The Group of Ministers, headed by Meghalaya Chief Minister Conrad Sangma, has recommended that online gaming should be taxed at full value of the…

Industry ・ 27 June 2022

Daily Excelsior

28 pc GST likely on Casinos, Online gaming

NEW DELHI, June 26: The GST Council in its meeting this week is likely to vet a proposal of the panel of State Finance ministers on levying 28 per cent GST on Online gaming, casinos and horse racing, sources said.The Group of Ministers, headed by Meghalaya Chief Minister Conrad Sangma, has recommended that online gaming should be taxed at full…

Industry ・ 26 June 2022

Business Standard

28% GST likely on casinos, online gaming and horse racing: Report

The GST Council in its meeting this week is likely to vet a proposal of the panel of state finance ministers on levying 28 per cent GST on online gaming, casinos and horse racing, sources said. The Group of Ministers, headed by Meghalaya Chief Minister Conrad Sangma, has recommended that online gaming should be taxed at full value of the…

Industry ・ 26 June 2022

Zee News

28% GST likely on casinos, online gaming, horse races on gross revenue: Report

New Delhi: The GST Council in its meeting this week is likely to vet a proposal of the panel of state finance ministers on levying 28 per cent GST on online gaming, casinos and horse racing, sources said. The Group of Ministers, headed by Meghalaya Chief Minister Conrad Sangma, has recommended that online gaming should be taxed at full value of the…

Finance ・ 26 June 2022

Daijiworld

Meghalaya set to deny its citizens access to freshly legalized gambling and betting

Focus is on raising job creation and taxation revenues Four decades after becoming the first state in the country to legalise Shillong Teer, a form of lottery based on archery, Meghalaya became the third state in India's northeast to legalise gambling and betting, following the steps of Sikkim and Nagaland. The focus of the Meghalaya state…

Law ・ 24 May 2022

Gambling News

Meghalaya Doesn’t Think Scrapping Gaming Act Is Good

The State of Meghalaya in India is likely to proceed with its legalization push, or rather the expansion of the current gambling operations in the state. Responding to criticism of the current way gambling is regulated in the state, state chief minister Conrad K. Sangma said on Saturday that a proposal to repeal the existing Meghalaya Regulation of…

Religion ・ 23 May 2022

Daijiworld

Meghalaya CM rejects demand to repeal gambling act

Shillong, May 22 (IANS): Meghalaya Chief Minister Conrad K. Sangma on Saturday ruled out repealing of the Meghalaya Regulation of Gaming Act, 2021, saying abolishing the act would incur loss of government revenue to the tune of Rs 8-10 crore. Responding to the demand to repeal the Meghalaya Regulation of Gaming Act, 2021 by the political parties,…

Law ・ 22 May 2022

The Shillong Times

‘Gaming Act to regulate jackpot centres, parlours’

SHILLONG, May 20: Chief Minister, Conrad K Sangma on Friday said the Meghalaya State Gaming Act is required to regulate the existing jackpot and online gaming parlours in Shillong.Political parties, church leaders and pressure groups have expressed their opposition to the Act but the CM said if it is repealed, then there will be nothing to regulate…

Winnings ・ 21 May 2022

News Track Live

Meghalaya Targets the Guwahati Market with Legalized Gambling

The State Needs Revenue, but not from Meghalaya Locals: Meghalaya is looking to procure much needed revenues for social purposes by allowing licensed casinos only along the border with Assam close to the big market provided by the large city of Guwahati. The future legal gambling industry will have only tourists and visitors as a source of income,…

Law ・ 19 May 2022

United News Of India

Big News For Casino Lovers Online Gamblers horse racing in Meghalaya Details Here

Shillong: The northeastern state of Meghalaya has agreed to make big plans to bring casino and online gambling and gaming for tourists to rake in the much needed revenues in the state. Keeping the following in mind, a Group of Ministers (GoM) has agreed to recommend hiking the GST rate on casino, race course and online gaming services to 28 per…

Sports ・ 19 May 2022

Business Standard

GoM calls for 28% GST on online gaming, casinos; tax likely on face value

An empowered group of ministers (GoM) - set up to look into taxation of online gaming, casinos and races - has unanimously proposed a flat 28 per cent goods and services tax (GST) on these activities. The panel of ministers, which met on Wednesday, also decided that the tax will be levied on the entire "face value" or "bet amount" and not on the…

Finance ・ 19 May 2022

India Today

State finance ministers recommend 28% GST on online gaming, racecourses, and casinos

Online gaming platforms, racecourses, and casinos will have to shell out 28% GST on the gross gaming revenue if the recommendation of a group of state finance ministers is accepted by the GST Council. (Representative image) A group of state finance ministers set up to explore the quantum of GST and mode of taxation on casinos, racecourses, and…

Industry ・ 19 May 2022

Mint

Ministerial Group To Recommend 28% Gst On Casinos, Racecourses, Online Gaming

A group of ministers led by Meghalaya chief minister Congrad Sangma that is advising the GST Council on the taxation of casinos, race courses and online gaming, is set to recommend 28% GST rate on these. Sangma said in a social media post on Wednesday that the group of ministers has come to a consensus. The report of the GoM's submissions will be…

Industry ・ 18 May 2022

Business Standard

Top headlines: Elbers appointed as IndiGo CEO; GST hike likely on casinos

KLM veteran Pieter Elbers to replace Ronojoy Dutta as IndiGo CEO from Oct 1 The country's largest domestic budget carrier IndiGo on Wednesday announced the appointment of Pieter Elbers as its Chief Executive Officer, replacing incumbent Ronojoy Dutta. The 71 year-old Dutta, who came to helm the airline in January 2019, has decided to retire on…

Industry ・ 18 May 2022

Northeast Now

Meghalaya: GoM reaches consensus on casinos, online gaming and racecourses

The group of ministers (GoM) has reached a consensus on matters relating to the GST regulations on casinos, racecourses and online gaming in Meghalaya. The GoM was set up by the union finance ministry. This was informed by Meghalaya chief minister Conrad Sangma on Wednesday after meeting the GoM. The GoM met Meghalaya chief minister Conrad Sangma…

Industry ・ 18 May 2022

Brand Equity

Casino GST Rate: Group of Ministers agree to levy 28% GST on casino, race course and online gaming

The Group of Ministers (GoM) has agreed to recommend hiking the GST rate on casino, race course and online gaming services to 28 per cent, according to sources. In a meeting held on May 2, the GoM discussed various aspects, including the possible GST rates and technicalities, in regard to these activities. After the meeting, GoM Convener and…

Industry ・ 18 May 2022

Financial Express

Gaming vs Gambling, Skill vs Chance: Controversy surrounds the Gaming industry in India

By Gunjan Prabhakaran and Payal Thaker The online gaming industry has witnessed significant growth since its emergence way back in the year 2000, showcasing immense growth potential. Within a couple of decades, it grew to become more than a billion-dollar industry and continues to grow exponentially. The trajectory of the growth has been…

Industry ・ 18 May 2022

Outlook

28 Percent GST On Online Gaming? Industry Reckons May 18 Could Be 'Doomsday'

May 18 could be D-Day for the online gaming sector. More specifically, for the real money gaming domain that operates in India in various "skill-based" forms like fantasy cricket, rummy, poker, roulette, ludo, and even snakes and ladders! () For years, the Centre has deflected the issue of gambling/betting to the states under whom the matter lies…

Industry ・ 17 May 2022

News18

IAMAI Urges GST Council To Keep 18% Tax On Online Gaming

There is no clarity on whether this will apply only to real money games or casual games as well, given that the former being a sub-segment of online gaming. The Internet and Mobile Association of India (IAMAI) on Monday urged the GST Council to continue maintaining the GST on online gaming at 18 per cent and any further increase will hamper the…

Finance ・ 17 May 2022

Zee News

Is it legal to play Online Satta King or Satta Matka game in India? Know here

New Delhi: Satta King or Satta Matka game, which is quite popular among the working class in the country, is often confused with lotteries or online fantasy games. Satta King or Satta Matka game can be losely translated as betting or gambling game. But Gambling is illegal in India. Ever since the British government introduced the Public Gambling…

Finance ・ 13 May 2022

East Mojo

More jobs or another vice? Gambling plan has Meghalaya divided

Shillong: First and foremost, the facts: Meghalaya has witnessed offline, and later, online gambling, for the past few decades and most of it has been unregulated. We must also note that the Meghalaya Regulation of Gaming Act, 2021 was passed by the Cabinet in December 2021. Then why is gambling, or the idea of gambling, making news now? Why are…

Jobs ・ 09 May 2022

United News Of India

Church leaders opposes Meghalaya govt to legalise casinos & online gambling

Shillong, May 3 (UNI) A Church body in Meghalaya has strongly opposed the state government's move to legalise casinos and online gambling in the State saying that it's "immoral and comes at a high price for the society."The Church body under the banner of Khasi Jaintia Christian Leaders Forum (KJCLF) has also decided to appeal to the state…

Religion ・ 03 May 2022

Brand Equity

GoM likely to moot flat 28% GST slab for online gaming

A group of ministers (GoM) tasked by the Goods and Services Tax Council to look into taxation of online gaming, races and casinos is likely to suggest a flat rate of 28%.A final recommendation on the rate, as also on whether the levy should be on the gross gaming revenue or per transaction, is likely to be made when the GoM meets again next week,…

Industry ・ 02 May 2022

Mint

Gom On Casinos, Online Gaming To Finalise Tax Proposals This Month

NEW DELHI:A group of ministers led by Meghalaya chief minister Congrad Sangma that is advising the GST Council on the taxation of casinos, race courses and online gaming which met in the capital on Monday, will meet again later this month to finalise its tax proposals to the Council, Sangma said after the meeting. The Council is currently examining…

Finance ・ 02 May 2022

Financial Express

GST on Online Gaming needs to be looked differently than Casinos and Horse Racing

The GST Council and Ministry of Finance had constituted a Group of Ministers (GoM) to determine the GST rate and taxation on Casinos, Race Courses and Online Gaming which was subsequently reconstituted again and is scheduled to meet on 2nd May 2022 under Meghalaya Chief Minister Conrad Sangma. There have also been well established decisions by…

Industry ・ 30 April 2022

Brand Equity

Organisations express apprehension over Meghalaya's decision to legalise gambling and online betting for tourists

Several organisations including Meghalaya United Christian Forum (MUCF) expressed apprehension over the Meghalaya government's decision to legalise gambling and online betting for the tourists coming to the state. MUCF Secretary Synsharlang Kharshiing said that if the gambling, online betting and casinos were legalised it would have far-reaching…

Travel ・ 28 April 2022

Hindustan Times

Meghalaya to bet big on casinos, on-line gambling and gaming for tourists

The picturesque north-eastern state of Meghalaya has drawn up big plans to bring in casinos and on-line gambling and gaming for tourists to rake in much needed revenues, top officials said. Taxation Minister James PK Sangma said the state government has come up with the Gaming Act following which the Gaming Rules 2021 will facilitate issuing of…

Travel ・ 24 April 2022

Devdiscourse

Meghalaya to bet big on Casinos for tourists

The picturesque north-eastern state of Meghalaya has drawn up big plans to bring in casinos and on-line gambling and gaming for tourists to rake in much needed revenues, top officials said. Taxation Minister James PK Sangma said the state government has come up with the Gaming Act Gaming Rules 2021 will facilitate issuing of licenses to operators…

Travel ・ 24 April 2022

The News Mill

Learn everything you need to know about gambling laws in India

It doesn't matter if you want to place a bet on your favorite cricket team or try out the new lucky 7 casino game tricks, you need to go online. But betting and playing casino games is not that simple in India. Indian gambling laws and regulations are one of the most complicated in the world. In this article, we will try to explain how different…

Strategy Guide ・ 19 April 2022

The Shillong Times

M’laya set to become gambling destination

SHILLONG, April 18: The state government is preparing the groundwork to convert Meghalaya into a hub of legalised gambling, online gaming and online betting.The process had begun in February 2021 when the Meghalaya Regulation of Gaming Ordinance, 2021, was passed. It nullified the Meghalaya Prevention of Gambling Act, 1970, effectively making…

Sports ・ 19 April 2022