Tax Hike Turmoil: How India's 28% GST on Online Gaming Impels Global Players to Exit

Shivani | Last updated: 17 October 2023

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India has introduced a significant tax change, imposing a 28% Goods and Services Tax (GST) on the full value of bets placed in online gaming. This new structure replaces the previous 18% tax on Gross Gaming Revenue (GGR), aiming for simplification and transparency. However, the increased tax burden has raised concerns about operational viability, reduced prize pools, and potential job losses, prompting global companies like Super Group to cease operations in India.

Key Takeaways Aspect Details New GST Rate 28% GST on the full-face value of placed bets in online gaming Previous Tax Structure 18% tax on Gross Gaming Revenue (GGR) Impa

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About the Author

Shivani

Finance Professional

I am passionate about simplifying finance, taxation, investing, insurance, and career trends into practical insights. Through my articles, I help readers make informed financial decisions, understand industry developments, and stay updated on personal finance, CA, and business topics.

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