Business

Betting & gambling may attract higher GST rate says Revenue Secretary

Union Revenue Secretary Dr. Hasmukh Adhia in an interview to the Indian Express today stated that activities such as betting…

Goa government marginally hikes casino license fees in budget 2017

The Goa government has marginally hiked the recurrring annual casino license fees as well as the fees for transferring casino…

Maharashtra government hikes lottery tax in state budget

The Maharashtra government hiked the tax to be paid on lottery schemes organised by state governments last week. Lottery tax…

No change in TDS threshold for gaming in Budget 2017

The Union Budget presented by Finance Minister Arun Jaitley yesterday was expected to simplify the direct taxation system and reduce…

Turf Club delegation meets Finance Minister to discuss GST implications on horse-betting

Horse-racing clubs in India has for the past few months been worried about the implications of the new Goods and…

Pokerstars set to launch India operations by early 2017, in talks with potential local partners

Canada-based Amaya Gaming, which runs the world's largest poker website, Pokerstars is looking to start an online poker website in…

Gaming industry badly hit as demonetisation paralyses business, move may benefit legitimate operators in the long run

Prime Minister Narendra Modi's sudden and drastic announcement demonetising (except for emergency services) all 500 & 1000 rupee notes , i.e. around…

AIGF makes representation to GST Council for reasonable tax structure

Since it is now clear that the Goods and Services Tax that would be introduced in April 2017 and will…

Gopal Kanda promoted defunct offshore casino to start operations soon, talks on with Essel Group

The Goa government seems to have decided to revive a license issued for a sixth offshore casino in the state,…

Breaking news: Delta Corp set to acquire Ace2three for around $100 million as per news reports

Just weeks after the announcement of its plan to fully acquire leading poker website Adda52, Delta Corp is in advanced…