Online sports platform Mobile Premier League has laid off around 350 people or about half of India team to cut down on expenses and bear the burden of increased GST of 28 per cent, according to an internal company email. The GST Council has decided to levy a 28 per cent GST on online gaming and casinos on the face value of bets at the entry level. The Centre will bring amendments to the Central GST law in the ongoing monsoon session of Parliament, following which states will pass the amendments in their respective assemblies to pave the way for the introduction of changes in the law by October 1.
Martin Scorsese, 'the reigning king of cinema', gets an honorary Golden Bear at the 74th Berlinale.
The Goods and Services Tax (GST) Council, which is likely to meet in the third or fourth week of June, is set to clear the operational framework of the much-awaited GST appellate tribunal, which will deal with tax disputes and streamline resolution. "The final blueprint, mainly the operational part, is expected to be presented in the GST Council meeting for approval. "This will pave the way for the tribunal to be functional, both at the central and state levels," said a senior government official, who expects the tribunal to be up and running by November.
Online skill-based gaming industry has made a case for retaining the service under 18 per cent GST slab instead of putting it into the highest 28 per cent tax rate category, saying the move will badly hit the $2.2-billion sector. The increase in taxation would not only have catastrophic impact on the industry but also encourage offshore operators who would circumvent Indian tax jurisdiction by hosting games in some other country, Games24x7 Co-CEO Trivikraman Thampy said. "It would be a triple whammy -- the industry loses out, the government loses out on tax revenue and players loses out as they would be exposed to unscrupulous operators," he said.
'Commentators have said that dealing with allies as equals will make Modi more sensitive.' 'Remember that the people Modi is dealing with are equally autocratic in their own lairs.' 'Further, Modi always has handy the threat of dissolving Parliament and calling for fresh polls.' 'Most of his own party, and certainly his allies and opponents having blown their budgets of efforts and resources in the just concluded elections, have no stomach for this.' 'They are all greatly looking forward to the loaves and fishes of office on offer.' 'That gives Modi an unbeatable advantage in any push-comes-to-shove situation,' explains Shreekant Sambrani.
In Dubai, A Ganesh Nadar encountered high speeds on smooth-as-silk-roads, no bureaucracy, gold, Mr Toad's. And snow!
E-sports experts say the burgeoning sector will not be affected by the Goods and Services Tax (GST) Council's recent decision to levy a blanket 28 per cent tax on online gaming, which is being viewed by the industry as a death blow to gaming companies.
Red Bull's Max Verstappen sang "Viva Las Vegas" after racing to a record-extending 18th victory of the season and joining Sebastian Vettel in third place on Formula One's all-time winners' list.
'I also wish he would lead a spiritual life, confessing his past involvement in criminal activities'
'When AR Rahman's concert is around, you just can't miss it! What a vibe!!'
Kohli dealt well with breach of privacy, says coach Rahul Dravid
A huge controversy erupted after the Pakistan Super League (PSL) franchises flouted strict Islamic laws by promoting surrogate advertisements of off-shore online betting platforms.
The government has amended rules under the anti-money law, making it mandatory for banks and financial institutions to record financial transactions of politically exposed persons (PEP).
The intrinsic inclusivity of Goa is the key to its great attraction, observes Rahul Singh.
A joint bench of justices Sapana Pradhan Malla and Tilak Prasad Shrestha ordered to free 78-year-old Sobhraj from jail, according to Supreme Court sources.
She will return home with the Mrs World crown after 21 years.
Sukanya Verma plans your OTT menu this week.
The 31-year-old left-hander, who was arrested on Sunday ahead of the team's departure from Australia, was denied bail by a local court in Sydney on Monday, even as the SLC suspended him from all forms of the game with immediate effect.
'This video is appalling and it's made me feel very paranoid about my privacy.'
Unbeaten so far, Vijender is unfazed and said the height of his opponent -- who stands at 6 feet 4 inches.
It is time to realise that both corporates and banks are playing with other people's money. And RBI has to intervene in the matter decisively and at once. It needs to set up a high power committee comprising eminent bankers, lawyers, media personnel, finance and foreign exchange experts to set right the matter.
The casino, the last of the Atlantic City casinos bearing Donald Trump's name, will close in September.
The industry came under scrutiny after the proliferation of games like cards, casinos, and fantasy sports among young people led to addiction and financial losses, with some reported cases of suicide.
Both Lok Sabha and Rajya Sabha did not see a debate on the Manipur violence, but Prime Minister Narendra Modi and Home Minister Amit Shah spoke on it during their addresses on the no-confidence motion.
The day before her 56th birthday on Monday, Janet Jackson made a rare appearance at the 2022 Billboard Music Awards in Las Vegas to present an award to singer Mary Jane Blige.
To be able to bid farewell to Daniel Craig is an emotion all fans of the Bond franchise must experience, feels Aseem Chhabra.
EXTRAVAGANZA - The Vegas Spectacular show at he Bally's Las Vegas Hotel & Casino reopened on November 28 after shutting down in March after just one show due to the pandemic.
Gaming platforms will also be required to display a warning after a certain time of usage to reduce the risk of addiction.
What will your pick be from OTT this week?
The GST Council on Tuesday approved changes in tax rates on some goods and services while allowing states to issue an e-way bill for intra-state movement of gold and precious stones, officials said. The Council, chaired by Finance Minister Nirmala Sitharaman and comprising state counterparts, also cleared a host of compliance procedures for GST-registered businesses along with a GoM report on high-risk tax payers to check evasion. The discussion on the crucial issues of extension of compensation to states beyond June 2022 and the imposition of 28 per cent GST on casinos, online gaming and horse racing, will take place on Wednesday.
The Director General of Goods and Services Tax Intelligence (DGGI) has slapped its heftiest tax notice of Rs 21,000 crore on Bengaluru-based Gameskraft Technology (GTPL) for allegedly evading GST on the betting amount. Gameskraft has dubbed the notice a "departure from the well-established law of the land". The company is accused of promoting online betting through card, casual and fantasy games like Rummy Culture, Gamezy and Rummy Time.
It's travel time for everyone, including Bollywood's celebrities.
Just where are the stars travelling? We tell you.
There is no casino more grand and more famous than the Casino de Monte Carlo in Monaco.
The present legislative framework on betting and gambling in India is sketchy, at best.
His release from the central prison on Thursday was delayed by a day as the Department of Immigration, where Sobhraj was to be sent for deportation, did not have a separate room ready for him.
Meet the ladies who have made an impression in the OTT universe.
Gomes said if voted to power, the AAP's priority will be to improve the governance structure.
Cricket Australia are expected to announce over the next few days that the fifth Test, scheduled for Jan. 14-18 at Perth Stadium, will be switched to another city because of Western Australia's hard line on quarantine.
