Quick Summary
Revenue Secretary Sanjay Malhotra provides clarity on GST implementation timeline during GST Council meeting In a significant development, 18 Indian states have successfully passed legislative changes to implement a 28% Goods and Services Tax (GST) on various forms of online gaming, horse racing, and casino activities. This announcement came during a briefing by Revenue Secretary Sanjay Malhotra after the recent GST Council meeting. According to Mr. Malhotra, all the remaining states have
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FAQ :
The 28% GST on online money gaming, horse racing, and casino activities will take effect from October 1st, 2023.
Eighteen Indian states have passed legislative changes, and all remaining states have agreed to implement the 28% GST on online gaming.
States yet to pass legislation will do so either through amendments to existing state laws or by way of Ordinances.
Yes, Delhi's Finance Minister raised concerns that the 28% tax rate could stifle the online gaming industry and negatively impact the startup ecosystem.
Delhi's Finance Minister mentioned tax notices amounting to approximately ₹1.5 trillion, though the central government did not confirm this specific figure.
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