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Govt in no mood to give GST relief to online gaming cos
The Morning Standard
|January 18, 2024
In a major setback to the online gaming companies, the Centre is in no mood to give relief to the industry in relation to past GST demands, top finance ministry sources confirmed to this paper.
The ministry is sticking to its previous stand of taxing them at 28% on each bet. "Industry is already aware of our stand. They want to pay at 18% on the gross gaming revenue (GGR) or the platform fee. The law already existed that they need to pay 28% GST on each bet placed, being a game of chance," a top Government of ficial said. He added that the online gaming industry has made several representations before the Centre.
Denne historien er fra January 18, 2024-utgaven av The Morning Standard.
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