Tag: 28% GST

Finance Minister Nirmala Sitharaman announced on Tuesday that the GST council has approved the imposition of a 28% tax on online gaming, horse racing, and casinos. This decision, made during the 50th GST Council meeting, has sparked worries within the online gaming industry. Several industry experts have expressed their concerns, stating that this move has the potential to cause significant losses to the industry. According to a Forbes India report, India has over 400 million online gamers, with approximately 90-100 million being regular players. The imposition of a 28% GST…

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