You are currently viewing Govt proposes self regulation for online gaming companies: Things to know

Govt proposes self regulation for online gaming companies: Things to know

Centre recently appointed the Ministry of Electronics and Information Technology (MeitY) as the nodal ministry for matters relating to online gaming with monetary risks. Now, as per a notice by the ministry, online companies may be required to practice self regulation.

According to the notice, it may soon become mandatory for gaming companies to verify players on their platforms. They will also be required to practice due diligence.

Earlier, it was reported that the government may soon impose a 28 per cent Goods and Services Tax (GST) on the total amount rather than the current practice of 18 per cent on GGR on online gaming industry. 

GGR is the fee charged by an online skill gaming platform as service charges to facilitate the participation of players in a game on their platform while Contest Entry Amount (CEA) is the entire amount deposited by the player to enter a contest on the platform.

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