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Review of GST on online gaming likely next fiscal
Hindustan Times
|September 28, 2023
The Goods and Services Tax Council may review implementation-related 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 its own course where these are concerned.
The 50th and 51st GST Council's decisions were more of clarifications as there was no ambiguity even in past that online gaming with betting elements always fell in the highest slab of 28%, the officials added, asking not to be named.
"As per the law, demands have been raised to all those online gaming firms that did pay GST since 2017. Any kind of betting always attracted the highest GST rate. Naturally, those who did not pay the tax have accumulated dues along with penalties and interest," one of them said, explaining why the tax demand appears disproportionately high.
Diese Geschichte stammt aus der September 28, 2023-Ausgabe von Hindustan Times.
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