- Business Today
28% GST on online gaming: 'Big setback for the entire industry,' say experts
GST Council, the body that decides on GST rates, has decided to levy a 28 per cent GST on online gaming, horse racing, and casinos, which has sparked instant outrage from the online gaming industry.
The decision was taken at the 50th meeting of the GST Council, which was held on July 11. The GST Council said its decision to levy tax on online gaming was taken after careful consideration and it believed that this will help to regulate the online gaming industry and ensure that it is fair and transparent.