EducateKaro – Curated News on Tech, Startups & Entrepreneurship
Curated News on Tech, Startups & Entrepreneurship
Microsoft’s Xbox is facing challenges despite its shift to Game Pass in 2017, falling behind Sony’s PS5 and Nintendo’s Switch in terms of console sales. The industry continues to grapple with high game development costs and distribution hurdles, even after investing $100 billion in studio acquisitions. Game Pass hasn’t revolutionized gaming as anticipated, resulting in Xbox remaining in third place while competitors thrive with conventional sales strategies.
Read more on TheVerge
The Supreme Court has put a hold on GST showcase notices totaling over ₹1 lakh crore that were sent to online gaming companies and casinos due to accusations of tax evasion. A bench led by Justices J B Pardiwala and R Mahadevan paused the proceedings and has set a date for the next hearing on March 18. A change to the GST law in October 2023 required foreign gaming companies to register in India and imposed a 28% GST on the total value of bets. Companies like Games 24×7 and Head Digital Works have challenged these hefty demands, leading the Supreme Court to take over cases from nine high courts in order to issue a unified decision.
Read more on Presstrustofindia.
