Crafting skill, counting stakes: The new rules of online gaming
ArticleNearly a decade into GST, few disputes have tested the frontiers of tax, constitutional law and the digital economy as deeply as the online gaming dispute.
The online gaming industry has seen significant transformation, despite ongoing hurdles in the regulatory landscape, ecosystem limitations, and varying purchasing power. The key drivers of this transformation include increased investment from venture capital firms in local startups, the widespread use of smartphones, affordable data rates, and the adoption of UPI and digital payment methods.
Technological advancements, such as cloud computing, artificial intelligence, machine learning, virtual reality, web3, and blockchain have further enhanced the gaming experience, making it more immersive, life-like, and enjoyable.
However, like any emerging industry, the gaming sector is confronted with various challenges, including taxation and regulatory issues. At Grant Thornton Bharat, we are uniquely positioned to accompany you on your growth journey and help you navigate and resolve these challenges effectively.
Assessment framework
We craft a comprehensive regulatory and compliance framework.
Graded approach
Our strategy supports a shift towards a culture of risk management.
Profound expertise
Our leadership team brings extensive experience in the gaming sector, encompassing diverse business models and frameworks.
Our solutions
Recent regulatory changes have transformed the compliance environment for online gaming platforms and intermediaries. Grant Thornton Bharat’s gaming vertical provides a robust regulatory assessment and compliance framework, allowing gaming intermediaries to redirect their focus from compliance to fostering product innovation and expansion.
To learn more about our services and solutions please click here.
Our insights
A landmark SC judgment on GST treatment for gaming industry
PolicyCast Episode 41Grant Thornton Bharat’s PolicyCast is your window into policy, tax, and regulatory developments. Each episode features expert perspectives on issues that matter to businesses, individuals, and the wider economy.
India's new online gaming rules end grey zones, reset the sector
ArticleIndia’s new online gaming rules introduce a unified classification and central oversight, shifting regulation to money flows and forcing a reset of business models across the sector.
