- India has a world-class digital infrastructure and a large population of smartphone users
- The online gaming industry in India is thriving, with a user base of 130 million
- Revenue from online gaming in India surged by 28% in 2021
- India has produced three gaming unicorns
- Online gaming is one of the fastest-growing job creators in India
- The global online gaming industry is projected to reach USD 132 billion by 2030
- Online gaming is legal in India, with regulations and caveats
- The legality of online gaming in India depends on factors such as the type of game and state laws
- Fantasy sports platforms have exemptions from gambling laws in certain states
- Operators and players in the online gaming industry must comply with relevant laws and regulations, including GST.
Source: taxmanagementindia.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "India"
- GST Cut on Insurance May Not Lower Premiums; Potential 12-18% Increase Expected
- India’s GST Council Endorses Two-Tier Tax Structure for 2025
- GST Reduction on Fruit Drinks Excludes Colas; Prices Remain Unchanged for Carbonated Beverages
- Supreme Court Stays Retrospective GST Penalty, Examines Applicability to Non-Taxable Persons
- India Unveils Simplified GST Rate Structure
