28% tax on online gaming
The Council will review the implementation of a 28% tax on online gaming, and casinos after six months.
28% tax on online gaming
FM Sitharaman said that Delhi Finance Minister Atishi Singh opposed the tax levy on online gaming, while Goa and Sikkim wanted the levy on GGR (gross gaming revenue) and not on face value.
What did Delhi FM say about tax on the gaming industry at the 51st GST Council Meeting?
Delhi FM Atishi Marlena Singh said there is a need to re-evaluate the imposed rates to foster the growth of new start-ups in the Indian online gaming industry.
“Investors from India and abroad are attracted to this industry, leading to investments in the millions and billions of dollars. Levying heavy taxes on this industry will burden it and discourage investment,” she said.
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