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India Implements 28% Turnover Tax for Online Gambling

India introduces a 28% turnover tax for online gambling, casino, and horse race betting, aiming to generate revenue from the industry. The tax will be applied to the full-face value of bets and chips purchased, raising concerns among industry players.

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GST Council recommends uniform levy of 28% GST on online gaming: What s next?

Among the potential outcomes of increased taxes are the rise of unlicensed operators attempting to evade tax liability and discouragement of investment in the gaming industry.

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Peak XV, Tiger Global, others urge PM Modi to review India s online gaming tax

Tiger Global, DST Global, Peak XV, Steadview Capital, and Kotak Private Equity are among global and Indian investors who have asked Prime Minister Narendra Modi to reconsider India's recently announced taxation on online gaming, saying the "onerous tax regime" will lead to a write-off of $2.5 billion and loss of 1 million direct and indirect jobs. The Goods and Services Tax Council, which comprises top federal and state finance ministers, said earlier this month that it had agreed to levy of 28% at entry points on full face value for online gaming. The GST Council's decision has "unintended consequence of equating the constitutionally protected legitimate online skill gaming industry with gambling, betting and other 'games of chance,'" a group of 30 investors wrote in a letter to Narendra Modi, the Prime Minister of India, on Friday.

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28% tax on real money online gaming will erode $2 5B of investment: Investors to PM

28% tax on real money online gaming will erode $2 5B of investment: Investors to PM
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India To Lose Billions: Letter To PM Modi Over 28% GST Rule For Gaming

GST Council's decision to levy a 28% tax on real money online gaming industry will lead to a write-off of USD 2.5 billion investment made in the segment, a group of 30 Indian and foreign Investors said in a joint letter to PM Modi.

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