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Indian gaming industry seeks clear tax regime, duty credit scrips in Budget

Business Standard LogoBusiness Standard3d ago

Indian gaming industry seeks clear tax regime, duty credit scrips in Budget - Business Standard

Quick Summary:

This has become more rapid since the Centre released draft online gaming rules.

In December 2022, the Finance Ministry said that claims from betting and gambling, including those from online gaming, would attract GST at 28 per cent.

Apurv Modi, managing director and co-founder at ATechnos Group, suggested that the Centre can also consider levying separate tax slabs for each game category, like casual games, fantasy games and esports.


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Article Details

Author / Journalist: Raghav Aggarwal

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-01-25 @ 13:34:00 (3 days ago)

News Timezone: GMT +5:00

Ranking: #323 (out of 5140 stories this day)

News Source URL: business-standard.com

Language: English

Article Length: 590 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 4765489

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 97 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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