Quick Summary
The Ministry of Finance is considering making distinct categories in online gaming. The Ministry is contemplating classifying online games based on the role of skill and chance in winning. In online games where scoring wins is akin to betting or gambling, the Goods and Services Tax (GST) rate would stand at 28 percent. On the other hand, games where winning depend on some amount of skill could be taxed at a lower 18 percent. All online games are not games of chance and are not in the n
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FAQ :
The Ministry is considering classifying online games based on skill and chance, proposing different GST rates for each category.
Games where winning is akin to betting or gambling could be subject to a 28 percent GST rate.
Online games where winning depends on a degree of skill could be taxed at a lower rate of 18 percent.
The GST Council will make the final decision on the applicable tax rate for online gaming.
The GST Council's decision is likely to occur in their next meeting, which is anticipated in May or June.
A Group of Ministers had previously agreed on a 28 per cent GST on online gaming, but referred suggestions on tax levying to the GST Council.
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