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India Fantasy Cricket Industry, It's Legality & GST

India fantasy cricket/sports industry has over a hundred platforms, at present. These platforms cater to about 100 million fantasy sports players in India, as per an IFSG-KPMG report

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India Fantasy Cricket Industry, It's Legality & GST

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  1. India Fantasy Cricket Industry, It's Legality & GST India fantasy cricket/sports industry has over a hundred platforms, at present. These platforms cater to about 100 million fantasy sports players in India, as per an IFSG-KPMG report. Over 90 million fans played fantasy sports in 2019 compared to two million in 2016. As per the fantasy sports information offered by the Indian Federation of Sports Gaming (IFSG), two out of three sports fans in India know of fantasy sports. At the current time, various fantasy sports games are offered through different platforms. The most popular fantasy sports are cricket, football, and basketball. In India, cricket fantasy app have gained a lot of popularity. Even kabaddi and ludo fantasy sports games can be played through fantasy sports apps. Cricket is widely regarded as a religion in India. Children, who have been watching the game from the age of 5 or 6, want to become cricketers in the future. Children from very early stages start learning cricket and getting associated with the sport. The massive fan following and passion for the sport, has led to the origination of online fantasy cricket apps. There are around 100 fantasy sports fantasy applications nowadays. These apps offer you the opportunity to play fantasy cricket and earn real money daily . You can download any fantasy cricket/sports app on your phone and start playing fantasy cricket. Real11 is one such top fantasy platform operators in the nation. It is regarded as one of the best fantasy apps in India. After downloading the app, you can commence your journey within the field of tactic-based cricket by creating your virtual team. In this cricket fantasy app, users have to select an upcoming match, make their fantasy team selecting 11 players from a list of 22-30 players provided to them. Every player a user selects takes away some credit points assigned to the user. The player selection should be based upon their recent performance. Before assembling a fantasy team, one has to choose contests that best suit their requirements. There are contests of a wide variety of price ranges and prizes. These contests usually have a particular entry fee. Users can select multiple contests at one go, create their fantasy XI and then join them as per their liking. Talking about the legality of the fantasy apps, as per the Indian law, Fantasy sports are not allowed in states like Telangana, Assam, Odisha, Andhra Pradesh, Sikkim, and Nagaland. A couple of years back, a petition was filed by a Mumbai resident. As per his statement: "Fantasy sports are luring people to gamble their hard-earned money and, hence, are a form of gambling." He also contended that many apps were allegedly evading Goods & Services Tax (GST).

  2. On 30th April 2019, Bombay High Court judges rejected both the allegations made by the petitioner. The court referred to Schedule III of the Central Goods and Services Act, 2017 which states that ‘actionable claims, other than lottery, gambling, and betting are excluded from the scope of supply. Earlier in April 2017, the Punjab and Haryana High Court also ruled that playing online fantasy sports does not amount to gambling as it requires a substantial degree of skill. So, the game of skill is absolutely legal in India. In fact in the last couple of years it has taken a front seat with more than half of the population hooked on to the proliferating space.

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