Indian Video Games Industry Seeks Distinction From Real Money Games, Sends Policy Suggestions to Centre

A consortium of Indian video games and esports companies have written to the newly formed government, requesting a comprehensive industry-focussed policy, regulatory streamlining and a clear distinction from real money games that are often conflated with video games under the “Online Games” umbrella term.

The gross GST collection increased 8 per cent to Rs 1.74 lakh crore in June, sources said on Monday.

Union Finance Nirmala Sitharaman chaired pre-Budget consultations with finance ministers of states and Union Territories to take their views. It was followed by the 53rd meeting of the GST (Goods and Services Tax) Council today.

The GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet after a gap of eight months on June 22, and is likely to review the implementation of 28 per cent GST on the online gaming sector.

The gross Goods and Services Tax (GST) collection for May stood at Rs 1.73 lakh crore, according to the release by the Ministry of Finance.

The Supreme Court on Wednesday told the Centre that there is no need for making arrests in all Goods and Services Tax (GST) cases and that it can be done only if there is credible evidence and tangible material to prove culpability.

The Supreme Court on Wednesday directed the Centre not to use "threat and coercion" during search and seizure operations against traders for recovery of Goods and Services Tax (GST) and instead persuade them to clear the dues voluntarily.

Congress leader Rahul Gandhi announced on Tuesday that the Agniveer scheme would be abolished if the INDIA bloc is voted to power, alleging that it was initiated by PM Narendra Modi and not by the Army.

Finance Minister Nirmala Sitharaman on Monday said the government has adopted "a pro-poor approach" while implementing Goods and Services Tax, and despite lower taxes rates the revenues as a percentage of GDP have reached the pre-GST level.

Finance Minister Nirmala Sitharaman on Monday administered the oath of office to Justice (Retd) Sanjaya Kumar Mishra as the first President of the GST appellate tribunal (GSTAT).

A man was arrested in Raipur in Chhattisgarh on Saturday for allegedly evading GST through bogus input tax credits worth Rs 71.38 crore, an official said.

The Noida police on Wednesday arrested a Delhi-based businessman, his wife and son in connection with its probe into a multi-crore GST scam, officials said.

Goods and Services Tax collections grew 12.4 per cent to a record high of Rs 2.10 lakh crore in April, aided by strong economic momentum and increased domestic transactions and imports, the finance ministry said today.

Patanjali Foods has been served a show cause notice by the GST intelligence department, asking the company to explain why input tax credit worth Rs 27.46 crore should not be recovered from it.