Govt may put online games in 28 per cent GST tax slab, council to discuss on June 28
2 years, 5 months ago

Govt may put online games in 28 per cent GST tax slab, council to discuss on June 28

India Today  

A GST council is said to hold a meeting today, June 28, to discuss the appropriate tax slab for the online gaming industry. The panel had previously expressed its willingness to put online gaming companies that particularly offer games with stakes like rummy and poker in the 28 per cent tax slab, which may stun the growth of this emerging market. However, the GST council has expressed interest in levying 28 per cent GST on the gross gaming value, which is the total money deposited by users in the form of a prize pool. Citing Amrit Kiran Singh, adviser to the All India Gaming Federation, Livemint reports, "Applying GST on GGV will lead to an almost 900 per cent increase in taxes, which will kill the emerging gaming industry". Meanwhile, the GST council headed by Union Finance Minister Nirmala Sitharaman and comprising state leaders will also discuss putting casinos and horse racing firms in the 28 per cent tax slab.

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History of this topic

Council may increase GST rate on all kinds of used cars to 18 per cent
4 days, 6 hours ago

Council may increase GST rate on all kinds of used cars to 18 per cent

New Indian Express  

JAISALMER: The GST Council in its 55th meeting on Saturday is likely to announce changes in tax rates on several goods and services. As per sources, the fitment panel of the Council has decided to levy 18% GST on all kinds of used cars. The Council is likely to agree with the fitment panel’s recommendation and raise GST rate to …

Retailers urge FM and GST Council not to go for higher 35 pc tax rate
1 week, 5 days ago

Retailers urge FM and GST Council not to go for higher 35 pc tax rate

Live Mint  

New Delhi, Dec 12 Indian Sellers Collective, an umbrella body of trade associations and sellers across the country, has urged the finance minister and the GST Council not to accept some of GST rate rationalisation suggestions, including the proposal for inclusion of a special rate of 35 per cent on some products. The sellers body is of the view that …

GST rate hike claims are ‘premature, speculative’
3 weeks ago

GST rate hike claims are ‘premature, speculative’

The Hindu  

The Central Board of Indirect Taxes and Customs on Tuesday dismissed reports indicating significant indirect tax rate changes and hikes on the Goods and Services Tax rates of various goods and services, as “premature and speculative”, and stressed that a ministerial group tasked with rationalising the multiple GST rates is yet to finalise its recommendations. While the GST Council, which …

GST Council Considers Steep 35% Hike On Cigarettes, Tobacco Products
Trending News
3 weeks, 1 day ago

GST Council Considers Steep 35% Hike On Cigarettes, Tobacco Products

ABP News  

The Group of Ministers on Goods and Services Tax rate rationalisation has proposed significant changes to tax rates, including a hike on sin goods like aerated beverages, cigarettes, and tobacco products, increasing the tax to 35 per cent from the current 28 per cent. Under the proposed structure: Readymade garments costing up to Rs 1,500 will attract 5 per cent …

GST Council To Meet In Jaisalmer On Dec 21; Key Decisions On Insurance And Rate Cuts Likely
1 month ago

GST Council To Meet In Jaisalmer On Dec 21; Key Decisions On Insurance And Rate Cuts Likely

ABP News  

The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman, is scheduled for December 21 in Jaisalmer, Rajasthan. The council, comprising state finance ministers, is expected to deliberate on major tax policy changes, including a decision on exempting or reducing GST rates on health and life insurance policies. Following discussions last month, the GoM has proposed …

GST rate rationalisation: GoM discusses pruning 12% slab, next meeting on October 20
2 months, 4 weeks ago

GST rate rationalisation: GoM discusses pruning 12% slab, next meeting on October 20

The Hindu  

The Group of Ministers on GST rate rationalisation has discussed tax rate tweaks on over 100 items, including lowering taxes on certain goods from 12% to 5%, to give relief to the common man, West Bengal Finance Minister Chandrima Bhattacharya said on Thursday, September 26, 2024. She said items used by the common man should attract lower tax rates and …

GST Council to deliberate on taxation of insurance premium, report on online gaming
3 months, 2 weeks ago

GST Council to deliberate on taxation of insurance premium, report on online gaming

The Hindu  

The GST Council on Monday is expected to deliberate on a host of issues, including taxation of insurance premium, GoM's suggestions on rate rationalisation, and a status report on online gaming, sources said. The GST Council, chaired by Finance Minister Nirmala Sitharaman and comprising state ministers, will decide on whether to reduce the tax burden on health insurance from the …

GST Council to deliberate on taxation of insurance premium, report on online gaming
3 months, 2 weeks ago

GST Council to deliberate on taxation of insurance premium, report on online gaming

New Indian Express  

NEW DELHI: The GST Council on Monday is expected to deliberate on a host of issues, including taxation of insurance premium, GoM's suggestions on rate rationalisation, and a status report on online gaming, sources said. Sources said the fitment committee, comprising Centre and state tax officials, will present a report on GST levied on life, health and reinsurance premiums and …

​Enhancing oversight: The Hindu Editorial on the GST Council meet and issues
3 months, 3 weeks ago

​Enhancing oversight: The Hindu Editorial on the GST Council meet and issues

The Hindu  

The Goods and Services Tax Council, entrusted with overseeing the seven-year-old indirect tax regime, is slated to meet on September 9. The Council, whose parleys steered by the Union Finance Minister with States’ representatives are critical for resolving taxpayer challenges and setting broader policy direction, ought to meet regularly at such frequency. Beyond the broader revamp, the Council could also …

A fresh start: On the Goods and Services Tax Council meet
5 months, 3 weeks ago

A fresh start: On the Goods and Services Tax Council meet

The Hindu  

The Goods and Services Tax Council was convened last week for the first time in nearly nine months. Apart from several industry-specific measures, a few of which will kick in with retrospective effect, the Council also opted to waive interest and penalty on tax dues for the first three years of GST, provided they are paid by March 2025. Beyond …

53rd GST Council Meet Tomorrow: What's The Key Expectations?
6 months ago

53rd GST Council Meet Tomorrow: What's The Key Expectations?

Live Law  

About Eight and a half months after its previous meeting, the Center has decided to call a meeting of the Goods and Services Tax Council on June 22, 2024.Although the meeting's agenda is yet unknown, state finance ministers should bring forth ideas for an indirect tax system that might be included in the Union Budget, which is anticipated to be …

GST Council to meet on June 22, likely to review online gaming taxation
6 months, 1 week ago

GST Council to meet on June 22, likely to review online gaming taxation

India TV News  

New Delhi: The GST Council, chaired by Finance Minister Nirmala Sitharaman, is scheduled to meet on June 22 in the national capital after a gap of eight months. The council is expected to review the implementation of the 28 per cent GST on the online gaming sector. Council to review GST on online gaming The GST Council is expected to …

Online Gaming Industry Complies With New GST Law But Retro Tax Still A Threat
10 months ago

Online Gaming Industry Complies With New GST Law But Retro Tax Still A Threat

The Quint  

The Indian fantasy sports industry, once a burgeoning sector, now finds itself in choppy waters. The Government of India's decision to levy a 28% GST on total deposits, as opposed to the previous 18% on gross gaming revenue, has dealt a severe blow to RMG companies. However, the Directorate General of Goods and Services Tax Intelligence has thrown another curveball …

West Bengal Assembly passes bill to impose 28% GST on online gaming, horse racing, casinos
1 year ago

West Bengal Assembly passes bill to impose 28% GST on online gaming, horse racing, casinos

India TV News  

Kolkata: The West Bengal assembly on Thursday passed a bill that subjects online gaming, horse racing, and casinos to the highest GST rate of 28 per cent, calculated based on the full face value of the bets placed. Minister of State for Finance, Chandrima Bhattacharya, said that upon the West Bengal Goods and Services Tax Bill, 2023, becoming an Act, …

Online money gaming, gambling: Kerala Government proposes Ordinance for amending State GST Act
1 year ago

Online money gaming, gambling: Kerala Government proposes Ordinance for amending State GST Act

The Hindu  

The Kerala Government will promulgate an Ordinance to amend the Kerala State Goods and Services Tax Act to bring in more clarity to the taxation provisions related to online money gaming and gambling. In September, the Union Finance Ministry had issued notifications for implementing 28% uniform GST on online money gaming, casinos and horse racing. The Union Government decision was …

Online gaming taxation: Look for a practical way out
1 year, 1 month ago

Online gaming taxation: Look for a practical way out

Live Mint  

India is one of the world’s largest markets for online gaming, with thousands of jobs and millions of users. Its taxation slab as well as liability valuation mechanism were changed, and it faces a looming spectre of retrospective taxation—or call it tax arrears—that has seen it go from being a ‘sunrise sector’ to one whose survival is under a cloud. …

Online gaming companies get ₹1 lakh crore GST show cause notices so far
1 year, 1 month ago

Online gaming companies get ₹1 lakh crore GST show cause notices so far

The Hindu  

GST authorities have issued show cause notices worth ₹1 lakh crore to online gaming companies for tax evasion so far, a senior official said on October 25. The government has amended the GST law, making it mandatory for overseas online gaming companies to register in India from October 1. "Online gaming companies served notices worth about ₹1 lakh crore by …

Why Dream11 filed a suit challenging India’s tax demands? | Explained
1 year, 2 months ago

Why Dream11 filed a suit challenging India’s tax demands? | Explained

The Hindu  

The Story So Far: On September 12, tax authorities issued notices giving Dream11 30 days to explain why it should not be required to pay a shortfall of 2.1 billion rupees for 2017-18 and 10 billion rupees for 2018-19, along with interest and penalties. ‌The central issue in this dispute revolves around whether Dream11’s gaming platform should be classified as …

All states for 28% GST on online money gaming effective from 1 Oct: Revenue Secy
1 year, 2 months ago

All states for 28% GST on online money gaming effective from 1 Oct: Revenue Secy

Live Mint  

New Delhi: As of now 18 states have passed legislative changes to implement the 28% Goods and Services Tax on online gaming, horse racing and casinos and all the remaining states have agreed to make the necessary changes which will have effect from 1 October, Revenue Secretary Sanjay Malhotra said at a briefing. Finance minister Nirmala Sitharaman told reporters that …

52nd GST Council meeting today; online gaming likely part of agenda. What to expect? Top points
1 year, 2 months ago

52nd GST Council meeting today; online gaming likely part of agenda. What to expect? Top points

Hindustan Times  

The 52nd meeting of the Goods and Services Tax or GST Council will be conducted in New Delhi's Vigyan Bhawan on Saturday, October 7 where matters such as extending the concessional tax rate on vehicles for visually impaired persons, exemption on millets sold in powdered form and clarifying tax on bank and corporate guarantees, among others are likely to be …

52nd GST Council Meeting: What Lies Ahead For Online Gaming, SGST & Beyond?
1 year, 2 months ago

52nd GST Council Meeting: What Lies Ahead For Online Gaming, SGST & Beyond?

News 18  

52nd GST Council Meeting October 7, 2023: The upcoming 52nd GST Council Meeting, scheduled for October 7, 2023, in New Delhi, holds profound significance as it is anticipated to be a pivotal meeting in addressing various critical agenda items such as taxation of crypto and NFT tokens, clarifications on ESOP, rate rationalisation and evaluation of the progress made by individual …

Online gaming companies to collect 28% on full bet value, offshore platforms to be GST registered from October 1
1 year, 2 months ago

Online gaming companies to collect 28% on full bet value, offshore platforms to be GST registered from October 1

The Hindu  

From October 1, online gaming companies will charge 28% GST on full value of bets, while offshore platforms too would be required to have GST registration to operate in India. In its meetings in July and August, the GST Council, comprising finance ministers of Centre and states, had approved amendments to the law to include online gaming, casinos and horse …

28 per cent GST rate on online gaming from October 1
1 year, 2 months ago

28 per cent GST rate on online gaming from October 1

Hindustan Times  

India is set to implement a 28 per cent Goods and Service Tax on online gaming from October 1. “We are ready to implement a 28 per cent GST rate on online gaming from October 1 with the consent of all the states. The amendments are related to the insertion of provision in the third schedule of CGST Act, 2017 …

Review of GST on online gaming, casinos likely next fiscal
1 year, 2 months ago

Review of GST on online gaming, casinos likely next fiscal

Hindustan Times  

New Delhi: The Goods and Services Tax Council may review implementation-related issues pertaining to levying 28% GST on the face value of online gaming and casinos by the first quarter of next financial year, two officials said adding that some of these firms have approached various courts over their accumulated tax dues since 2017, and that the law will take …

Nearly A Dozen Online Real-Money Gaming Companies Slapped With Rs 55 Cr Tax Notices: Report
1 year, 2 months ago

Nearly A Dozen Online Real-Money Gaming Companies Slapped With Rs 55 Cr Tax Notices: Report

ABP News  

Approximately 12 online real money gaming companies are facing pre-show cause notices from the Directorate General of GST Intelligence regarding their tax liabilities amounting to Rs 55,000 crore, as reported by the Economic Times. In 2022, Gameskraft Technology, an online gaming company based in Bengaluru, was served a tax notice amounting to Rs 21,000 crore, marking the largest such claim …

Mint Explainer: What do GST law amendments say?
1 year, 4 months ago

Mint Explainer: What do GST law amendments say?

Live Mint  

The Parliament on Friday approved legislative changes for implementing the Goods and Services Tax Council’s proposal to levy a 28% tax on the full value of deposits made by individuals to online gaming platforms, casinos, and horse racing clubs. After nearly three years of deliberations, the GST Council last month decided to ensure that ‘the chance to win’, or in …

Parliament clears 28% GST on online gaming, casinos
1 year, 4 months ago

Parliament clears 28% GST on online gaming, casinos

Live Mint  

New Delhi: The Parliament has approved the necessary legislative modifications for implementing the Goods and Services Tax Council’s proposal to levy a 28% tax on the full value of deposits made by individuals to online gaming platforms, casinos, and horse racing clubs. A simplified but mandatory GST registration for overseas platforms offering online money gaming services to Indian consumers, and …

Parliament clears 28% GST on online gaming, casinos, horse racing clubs
1 year, 4 months ago

Parliament clears 28% GST on online gaming, casinos, horse racing clubs

Live Mint  

New Delhi: Parliament on Friday approved legislative changes required to implement the Goods and Services Tax Council's decision to ensure that 28% tax is paid on the full value of deposits made by players to online gaming platforms, horse racing clubs and to casinos from 1 October. In the case of online gaming platforms, 28% GST applies only where wagering …

Lok Sabha passes GST Bills to levy 28% tax on e-gaming, casinos
1 year, 4 months ago

Lok Sabha passes GST Bills to levy 28% tax on e-gaming, casinos

Hindustan Times  

Lok Sabha on Friday approved amendments to the Central and Integrated GST laws to levy 28 per cent tax on the full face value of bets in online gaming, casinos and horse race clubs. Finance Minister Nirmala Sitharaman speaks in the Lok Sabha during the Monsoon session of Parliament Finance Minister Nirmala Sitharaman introduced bills in the House on Friday, …

Parliament: Lok Sabha passes Bill to levy 28 pc tax on on e-gaming, casinos
1 year, 4 months ago

Parliament: Lok Sabha passes Bill to levy 28 pc tax on on e-gaming, casinos

India TV News  

GST on online gaming: Lok Sabha passed amendments to Central, Integrated GST laws to levy 28 pc tax on e-gaming, casinos on Friday. Finance Minister Nirmala Sitharaman =introduced Bills seeking to amend the Central and Integrated GST laws to levy 28 per cent tax on the full face value of bets in online gaming, casinos and horse race clubs. Sitharaman …

Parliament paves way for 28% GST on online gaming
1 year, 4 months ago

Parliament paves way for 28% GST on online gaming

The Hindu  

The Parliament on Friday cleared amendments to the Goods and Services Tax laws to facilitate the levy of 28% GST on the face value of all bets made in casinos, horse-racing and online gaming. Approved by the GST Council earlier this month, the legislative changes, moved through the Integrated GST Bill, 2023 and The Central GST Bill, 2023, include a …

Central GST (Amendment) Bill To Be Tabled To Include 28% GST On Online Gaming, Casinos, Horse Race Clubs
1 year, 4 months ago

Central GST (Amendment) Bill To Be Tabled To Include 28% GST On Online Gaming, Casinos, Horse Race Clubs

Live Law  

The Union Finance Minister Nirmala Sitharaman will introduce the Central Goods and Services Tax Bill, 2023.The Goods and Services Tax will be levied at a rate of 28% on online gaming, gambling, and horse racing under legislation that the Centre plans to introduce in the Lok Sabha.Online gaming, online gambling for money, virtual digital assets used to purchase online games,. …

Bengaluru-based MPL to lay off 350 employees
1 year, 4 months ago

Bengaluru-based MPL to lay off 350 employees

Hindustan Times  

Bengaluru-based skill gaming company Mobile Premier League is set to lay off 350 people from its workforce, according to the mail sent by the company to its employees. In July, Union Finance Minister Nirmala Sitharaman in New Delhi said that the GST council has decided to levy 28% GST on online gaming, horse racing and casinos at full value. Karnataka …

A tentative rethink: The Hindu Editorial on the Goods and Services Tax Council’s move
1 year, 4 months ago

A tentative rethink: The Hindu Editorial on the Goods and Services Tax Council’s move

The Hindu  

Less than a month after the Goods and Services Tax Council appeared to have sealed a compact on the long-deliberated issue of the appropriate tax to be levied on casinos, horse racing and the booming online games industry, it was convened afresh this Wednesday to revisit the matter. Sikkim and Goa’s pleas for the casino tax to be also levied …

28% GST on online gaming: How will new tax work for players and companies
1 year, 4 months ago

28% GST on online gaming: How will new tax work for players and companies

Business Standard  

The Goods and Services Tax Council, in its 51st meeting on August 2, 2023, decided to stick to its earlier decision to impose a 28 per cent tax on the full face value of the bets placed on online gaming, casinos and horse-trading. Earlier tax norms for the online gaming industry Before the GST Council's decision, the online gaming industry …

GST Council sticks to its guns, imposes 28% tax on online gaming
1 year, 4 months ago

GST Council sticks to its guns, imposes 28% tax on online gaming

The Hindu  

The GST Council on August 2 blinked a little on technicalities and kept the door open for a review down the road, but stuck to its earlier decision to impose a 28% levy on the full face value of bets placed on online gaming, casinos and horse racing, with an eye on implementing it from October 1. Tamil Nadu Finance …

GST council meet: 28% tax on online gaming effective from Oct 1, announces FM
1 year, 4 months ago

GST council meet: 28% tax on online gaming effective from Oct 1, announces FM

Hindustan Times  

28% tax on online gaming to become effective from October 1, finance minister Nirmala Sitharaman announced on Wednesday. Union Finance Minister Nirmala Sitharaman with Union MoS for Finance Pankaj Chaudhary and Revenue Secretary Sanjay Malhotra during the 51st Goods and Services Tax Council Meeting. The finance minister said Delhi finance minister opposed the levy of the tax on online gaming …

GST Council Keeps 28% Tax on Online Gaming, To Be Effective From Oct 1, Review After 6 Months
1 year, 4 months ago

GST Council Keeps 28% Tax on Online Gaming, To Be Effective From Oct 1, Review After 6 Months

News 18  

GST Council Meeting on Online Gaming: The 51st GST Council, chaired by Union Finance Minister Nirmala Sitharaman, on Wednesday decided to keep the 28 per cent tax on online gaming, casino and horse racing, and discussed the modalities to implement it. Addressing media after the Council meeting, Sitharaman said the 28 per cent GST on online gaming is expected to …

51st GST Council At 4 pm Today To Finalise Modalities For 28% Tax On Online Gaming
1 year, 4 months ago

51st GST Council At 4 pm Today To Finalise Modalities For 28% Tax On Online Gaming

News 18  

Union Finance Minister Nirmala Sitharaman will chair the 51st GST Council meeting via videoconferencing in New Delhi on Wednesday, August 2, at 4 pm. During the meeting, the GST Council is likely to finalise the modalities for determining supply value in online gaming and casinos for levying 28 per cent tax. @nsitharaman will chair the 51st GST Council meeting via …

28 per cent tax on online gaming to be implemented from October 1: Nirmala Sitharaman
1 year, 4 months ago

28 per cent tax on online gaming to be implemented from October 1: Nirmala Sitharaman

India TV News  

Union Finance Minister Nirmala Sitharaman on Wednesday said that a 28 per cent tax on online gaming will come into effect from October 1, 2023. She said that the decision to levy the stipulated tax on the full face value of bets placed on online games will be implemented from October 1 despite calls from states like Goa and Delhi. …

GST Council To Meet On August 2 On Online Gaming, Casino Rules: Reports
1 year, 4 months ago

GST Council To Meet On August 2 On Online Gaming, Casino Rules: Reports

News 18  

The GST Council is likely to meet on August 2 via videoconferencing to take a final decision on the 28 per cent GST on online gaming, casinos and race courses, according to media reports. However, the GST Council is expected to resolve whether the 28 per cent GST will be levied on entry value or each bet. On July 11, …

GST Council to meet on August 2 to finalise 28% online gaming tax: Report
1 year, 4 months ago

GST Council to meet on August 2 to finalise 28% online gaming tax: Report

India Today  

The Goods and Services Tax Council is scheduled to meet on August 2 to make crucial decisions on taxing funds collected by online gaming companies and casinos, reported news agency Reuters quoting a government official. The council, chaired by Finance Minister Nirmala Sitharaman and consisting of state finance ministers, will deliberate on whether to impose a 28 per cent tax …

Online Gaming GST Tax Rajeev Chandrasekhar MeitY Approach Council Once Sustainable Framework Is Established
1 year, 5 months ago

Online Gaming GST Tax Rajeev Chandrasekhar MeitY Approach Council Once Sustainable Framework Is Established

ABP News  

Minister of State Rajeev Chandrasekhar announced at an event that the Ministry of Electronics and Information Technology, responsible for regulating online gaming, plans to approach the GST Council to reconsider the decision to impose a 28 per cent tax on online gaming. In a recent tweet, Chandrasekhar acknowledged the evolving nature of the regulatory framework for online gaming, emphasising the …

Explained | Will 28% GST on online gaming affect its growth?
1 year, 5 months ago

Explained | Will 28% GST on online gaming affect its growth?

The Hindu  

The story so far: At the recently concluded 50th GST Council meeting, it was decided that online gaming would be taxed at 28% on the full-face value of the placed bets. Malay Kumar Shukla, secretary at the industry body E-Gaming Federation, termed the decision “extremely unfortunate”, saying “a tax burden where taxes exceed revenues will not only make the online …

Govt Has Played A ‘Game Over KO’ To Online Gaming Firms With 28% Tax
1 year, 5 months ago

Govt Has Played A ‘Game Over KO’ To Online Gaming Firms With 28% Tax

ABP News  

Look at the spectacle we have here. The government, in an Armageddon move that no one saw coming, has decided to slap a gigantic 28% GST on the “full deposit value” of online gaming. EXPLAINED: Impact Of New GST Rules On Cinema Halls, Automobile Sector, Online Gaming You Can’t Squeeze Water From Stone While everyone was thinking that the game …

Work in progress: The Hindu Editorial on the GST Council meet and issues
1 year, 5 months ago

Work in progress: The Hindu Editorial on the GST Council meet and issues

The Hindu  

Meeting after nearly five months, the Goods and Services Tax Council on Tuesday unravelled some knotty issues that were hanging fire for a long time, such as the constitution of Appellate Tribunals and the tax treatment for the booming online gaming industry. On the other hand, businesses have reacted with much consternation to the Council’s decision to finalise a 28% …

Online Gaming GST Council 28 percent Nirmala Sitharaman India Industry Reaction Ashneer Grover Twitter
1 year, 5 months ago

Online Gaming GST Council 28 percent Nirmala Sitharaman India Industry Reaction Ashneer Grover Twitter

ABP News  

During its 50th meeting on Tuesday, the Goods and Services Tax Council announced a 28 per cent tax for online gaming, casinos, and horse racing, for full face value. Therefore they will be taxable on full face value at 28 per cent.” Online Gaming GST: How The Industry Is Reacting The country’s gaming industry didn’t take the GST announcement in …

IT drags Sensex below 65,400, Nifty ends 55 pts lower; Infosys, Adani Ent shed
1 year, 5 months ago

IT drags Sensex below 65,400, Nifty ends 55 pts lower; Infosys, Adani Ent shed

Live Mint  

Share Market Today: Sensex and the Nifty ended in the red after a sharp fall towards the end with IT stocks dragging the market, while PSU Bank sector remained steady. Share Market Noon Update: Sensex and Nifty shed marginally after remaining in green most of the session; IT sector drags with gaming cos feeling the heat of GST decision View …

T.N. underlines ban on online games in GST council meeting
1 year, 5 months ago

T.N. underlines ban on online games in GST council meeting

The Hindu  

The Tamil Nadu government on Tuesday, July 11, 2023 told the GST Council that any decision by it on online games should conform to the Tamil Nadu Prohibition of Online Gambling Act, 2022. During the 50th meeting of the Goods and Services Tax Council chaired by Union Finance Minister Nirmala Sitharaman in Delhi on Tuesday, Finance Minister Thangam Thennarasu urged …

’Implementation of 28% GST rate will bring challenges to online gaming industry’
1 year, 5 months ago

’Implementation of 28% GST rate will bring challenges to online gaming industry’

Live Mint  

Finance Minister Nirmala Sitharaman on Tuesday said that the GST Council has decided to impose 28% tax on the turnover of online gaming, horse racing and casinos on full face value. The tax on online gaming companies would be imposed without making any differentiation based on whether the games required skill or were based on chance. E-Gaming Federation, whose members …

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