Quick Summary
Over 130 online gaming companies and industry associations have written to the Centre urging it to reconsider the 28% GST on the full face value for online gaming. The companies have said that the proposal to charge GST on the full deposit value will halt the growth of the booming industry. In the letter addressed to the government, the companies expressed their concern that implementing the GST on the full deposit value would have a detrimental impact on the industrys growth. They said that
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
2 Years PLAN
3499
(Excl. of GST ₹629)
BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 07941056694
FAQ :
The companies are urging the Centre to reconsider the 28% GST rate applied to the full face value of online gaming.
They believe the tax will halt the industry's growth, make online gaming unaffordable for most, and discourage both domestic and foreign investment.
They argue that online gaming is a skill-based activity, whereas gambling is illegal in most parts of India, and therefore should not be taxed at the same rate.
The companies suggest a lower tax rate, such as the 18% GST currently applied to casinos.
Leading companies like Dream11, Mobile Premier League, and Paytm First Games, along with associations such as the All India Gaming Federation, signed the letter.
The article states that the government has not yet responded to the letter.
CAclubindia
