Winzo joins hands with IITs to develop model for determining games of skill
Online gaming company Winzo on Monday announced that it has collaborated with several educational institutes, including Indian Institutes of Technology (IITs), Stanford University and California State University, to develop a model that can accurately differentiate between gaming activities requiring predominance of skill and those dependent on chance.
The IITs include IIT Delhi, IIT Kanpur and IIT Madras.
Last year in September, the Supreme Court ordered an interim stay on the Karnataka High Court ruling that online games like rummy are not taxable as “betting” and “gambling” under the Central Goods and Services (GST) Act, 2017 which now attracts 28 per cent tax.