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Game, Set And Match

Business Today India

|

August 06, 2023

The online gaming industry is reeling from the GST Council's decision to impose a tax rate of 28 per cent

- SURABHI

Game, Set And Match

AT THE 50TH MEETING of the GST Council on July 11, a number of key decisions were taken ranging from rate tweaks to tighter registration processes for businesses, and most importantly, on the tax treatment of online gaming.

There were also other important decisions, like the one on multi-utility vehicles (MUVS) that could make them slightly more expensive after the compensation cess was increased to 22 percent on some categories.

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