28% GST On Online Gaming Stays. To Be Reviewed Next Year
NDTV
The Centre will bring amendments to the Central GST law in the ongoing monsoon session of Parliament, following which states will pass the amendments to State GST law in their respective assemblies.
In some relief to online gaming industry, the GST Council on Wednesday decided that 28 per cent GST will be levied at face value of entry level bets placed in gaming platforms and casinos, even though three states -- Delhi, Goa and Sikkim -- expressed dissent.
The Centre will bring amendments to the Central GST law in the ongoing monsoon session of Parliament, following which states will pass the amendments to State GST law in their respective assemblies.
Offshore gaming platforms will have to register with GST authorities and pay taxes, failing which the government will invoke provisions of Information Technology Act and block those sites.
