Quick Summary
As the online gaming industry eagerly awaits a review of the 28% Goods and Services Tax (GST) imposed on the sector, the GST Council appears unlikely to roll back the levy. Government sources indicate that the tax has been broadly accepted by industry players, with consistent growth in tax collections from the sector. The industry, however, remains concerned about the payment of GST notices for past dues, an issue that may be reconsidered. It is unlikely that the 28% GST would be withdrawn. T
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FAQ :
It is unlikely that the 28% GST on online gaming will be withdrawn, as government sources indicate the industry and customers have largely accepted it, reflected in consistent tax collection growth.
The primary concern for the online gaming industry is the payment of GST notices for past dues, as many firms face demands for previous years' payments.
The GST Council is expected to address the online gaming tax issue and past dues following the General Elections and the formation of the next Union government, with a meeting anticipated in late June or post-Union Budget in late July.
Firms are concerned about past GST dues because they argue they had already disbursed the money to players, which complicates their ability to meet these past demands.
Initially, the GST Council had promised a review of the 28% GST on online gaming, casinos, and horse racing after a six-month period.
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