Tuesday, August 9, 2022

Tag: GST

GST Cut On Batteries Could Reduce Price of Electric Vehicles In India

The Government of India and the GST Council have decided to bring down the GST rates on lithium-ion battery packs from 18% to a mere 5%. The move comes as the government’s...

The highest GST slab is an impediment to the nascent online gaming industry

India, June 30th 2022: The 47th GST Council meeting took place in Chandigarh for its first session on June 28 and the second session was scheduled for June 29. The GoM (Group...

Higher taxes will be catastrophic for the online skill gaming sector: Industry bodies AIGF, FIFS and EGF come together to raise concern over a...

India, June 29th 2022: All India Gaming Federation (AIGF), the oldest and largest association of online gaming in India along with the E-Gaming Federation and Federation of Indian Fantasy Sports (FIFS), today...

GST Council set to approve 28% rate on Casinos, Racetracks as well as Online Games

The GST Council is expected to provide much-needed clarity on the taxation in these industries during its two-day meeting, which starts on Tuesday. They are likely to specify the transaction value on...

Online gaming industry raises concern over possibility of revised GST rates

National, June 28, 2022: E-Gaming Federation (EGF), All India Gaming Federation (AIGF) and Federation of Indian Fantasy Sports (FIFS), three largest online skill gaming associations in the country, today expressed concern at the recent...

E-Gaming Federation urges the government to maintain 18% GST for online skill gaming sector

May 16, 2022: The GST Council reconstituted a Group of Ministers (GoM) in February 2022 to study the GST rates for casinos, racecourses, and online gaming. The panel’s terms of reference stated...

Nvidia cuts down the prices of its RTX 3000 GPU series in the Indian market

Nvidia's upcoming RTX 30 series will be the latest entry in the company's latest GPU entries. The company is trying to get its dominant position back in the GPU market with its...
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