Will The GST Council Offer Relief To Online Gaming Companies By Scrapping Retrospective Tax Of 28%?
How much tax should be imposed on online gaming companies? And what really classifies as a game of change and a game of skill. While various courts have given different outcomes, the gaming industry still pays a 28% GST rate that too for bets played between August 2017 and October 1 2023. The retrospective tax has filled up govt coffers increasing revenues to the govt by 5-fold. But gaming companies are still holding on to some hope, that the new govt could reconsider and change the way this GST is computed by considering the gross Gaming Revenue (GGR) instead of the full face value.In this video we try to understand why online gaming as an industry finds itself tangled in this web of taxes. Watch.
#gaming #onlinegaming #GST #Retrospectivetax
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