“Online skill-based gaming should be treated differently from gambling, betting and horse racing,” read a letter sent by IndiaTech, a tech industry association representing India’s consumer internet start-ups and investors, laying down recommendations it would like the finance ministry to consider while drafting a framework for online games of skill. The industry body sought clarification to be issued that Rule 31A of the CGST Rules 2017 will not cover games of skill. The rule mandates that the taxable amount will include the face value of the entire bet including the winnings. Moreover, it recommended that the rule must not be applicable to any form of online gaming where there is a preponderance of skill over chance, thereby covering online fantasy sports effectively. Dream11 and MPL are two of the prominent members of IndiaTech. IndiaTech is an influential body comprising some of the biggest start-ups present in India. There has been a lot of chatter about how to regulate online games which have flourished in the last few years. It must also be noted that the budget for 2022-23 will be unveiled next week. Recommendations made by IndiaTech Evaluating Actionable Claim The association wants the finance ministry to consider only Gross Gaming Revenue (GGR) or the platform fee as the value of supply continuing the current practice. “Additionally, if there are other formats/ revenue models followed by platforms such as subscription fee, in-game revenue etc., in such cases GST should be applicable on only the amount that is received by the…
- ‘The Liver Doctor’ X account suspended following defamation case by Himalaya Wellness Corporation September 29, 2023
- Bombay HC to Pronounce Judgment on Fact Check Amendment on December 1st, Stay on Notification to Continue Until Then September 29, 2023
- Here’s how web publishers can opt out of Google crawlers scraping website data to train AI models September 29, 2023
- Parliament Standing Committee Calls For A Monitoring Group To Check Technological Readiness For Digital Education Projects September 29, 2023
- IT Ministry May Shelve Self-Regulatory Bodies for Online Real Money Gaming Until Inter-Ministerial Views “Harmonised”: Report September 29, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...
Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...
RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.
Straw man fallacy: IT Ministers’ defence of government exemptions in data protection law misses the point
Both the IT Minister and the IT Minister of State have chosen to avoid the actual concerns raised, and have instead defended against lesser...
The Central Board of Film Certification found power outside the Cinematograph Act and came to be known as the Censor Board. Are OTT self-regulating...
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...