We bring you this month our anniversary edition. We have completed 14 years and to commemorate this event, we have brought changes to the cover page of the journal. The cover page only has undergone the change but not the content.
For the anniversary edition, we have asked our team members (who never wrote) to contribute to the articles. Everyone has directly or indirectly contributed and the result is the bulky journal on your screen. A big thanks to all the contributors! This edition covers articles which are of great significance and of interest to both corporates and non-corporates.
The article on ‘Game of Skill vs. Game of Chance & A Study on GST Implications on Online Gaming’ focuses on the recent decision of Karnataka High Court in Gameskraft and various court’s interpretation on game of skill vs game of chance. Though the judgment has said the games of skill does not fall under the ambit of GST laws and the expression ‘betting and gambling’ appearing in GST laws covers only games of chance, the recent decision of GST Council to treat the game of skill and game of chance as one for the purposes of GST laws is unwarranted. The GST Council is trying to re-write the settled law and this will be definitely challenged by the industry. Moreover, the taxing of the entire bet value is also unprecedented and will also be subjected to judicial scrutiny.