GST Council Meet today: Insurance tax to online gaming review—what to expect

GST Council Meet today: Insurance tax to online gaming review—what to expect

The 54th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman and featuring state finance ministers and tax officials, is set to take place today (September 9). The session will address several critical topics, including the taxation of insurance premiums, proposed rate rationalisations, and a review of online gaming revenues. Taxation on health and … Read more

GST Council to deliberate on taxation of insurance premium, report on online gaming

GST Council to deliberate on taxation of insurance premium, report on online gaming

The GST Council on Monday (September 9, 2024) is expected to deliberate on a host of issues, including taxation of insurance premium, GoM’s suggestions on rate rationalisation, and a status report on online gaming, sources said. Sources claimed the fitment committee, comprising Centre and State tax officials, will present a report on GST levied on … Read more

SC notice to Centre on plea by E-gaming Federation against levy of 28% GST on all forms of online real-money gaming

SC notice to Centre on plea by E-gaming Federation against levy of 28% GST on all forms of online real-money gaming

Image for representation purpose only. | Photo Credit: Reuters The Supreme Court on Monday issued notice to the Centre on a plea filed by the E-gaming Federation against the levy of 28% Goods and Services Tax (GST) on all forms of online real-money gaming. A three-judge Bench headed by Chief Justice of India D.Y. Chandrachud … Read more

Social media, OTT, online gaming usage rises: 60% urban kids spend 3 hours daily | Data

Social media, OTT, online gaming usage rises: 60% urban kids spend 3 hours daily | Data

33% urban Indian children were addicted to online gaming such as Minecraft, PUBG, Fortnite, Among Us, FIFA, Fantasy Sports according to a survey conducted by LocalCircles After the COVID-19 period, as children returned to school and face-to-face teaching recommenced, there was an upswing in the use of the Internet for leisure. A recent survey by … Read more

Video-gaming firms write to PMO seeking distinction from real-money gaming industry

Video-gaming firms write to PMO seeking distinction from real-money gaming industry

The video gaming industry has said the term ‘online gaming’ is a broad and ambiguous term that is causing confusion among gamers, games publishers, international investors and media amid the GST row. Image used for representational purposes only. 45 video game companies in India on Tuesday wrote to the Prime Minister’s Office and to the … Read more

Tamil Nadu government working on a audio-visual gaming and computer graphics policy

Tamil Nadu government working on a audio-visual gaming and computer graphics policy

Tamil Nadu government is actively working on a policy to support the Audio-Visual Gaming and Computer Graphics (AVGC) industry, which will be released shortly, DMK MLA T. R. B. Rajaa said at the Umagine 2023 event. “This will make the State an attractive destination for investors in this space,” he said at the valedictory function … Read more

Predictions for 2023: AI, VR boom in hospitality, wellness and gaming, and Balenciaga in India

Predictions for 2023: AI, VR boom in hospitality, wellness and gaming, and Balenciaga in India

#food Technical, yet intimate Restaurant Chilling Out Classy Lifestyle Reserved Concept lead pics Food | Photo Credit: Rawpixel In 2019, trend forecasters predicted more family dining, fermented foods and soufflé pancakes, not a raging pandemic.  Nevertheless, the world found ways to pivot, innovate and move forward, and the restaurant industry fought back fiercely. Over this … Read more

Could Video Games Boost a Child’s Intelligence?

Could Video Games Boost a Child’s Intelligence?

By Dennis Thompson HealthDay Reporter THURSDAY, May 19, 2022 (HealthDay News) — Folks often believe that video games rot a kid’s mind, but a new study argues the opposite could be true. Children actually might get a brain boost from playing hour after hour of video games, researchers report. American kids between 9 and 10 … Read more