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In a major setback to the country s online gaming industry, the GST Council on Tuesday decided to levy a 28% tax on the full value of monies paid by users. Moreover, GST on online gaming will be imposed without any differentiation of whether it s based on skill or chance. ....
The decision of the GST Council to impose 28% GST on online games has been criticized by the gaming industry, as it will discourage legal gaming and provide opportunities for illegal offshore operators. The gaming industry has argued that the tax should have been levied in a way that makes legal operations more viable, thereby promoting the growth of the industry and discouraging illegal operators. ....
28 per cent GST an existential threat, say online gaming companies thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.