Reports indicate that the GST Council is contemplating a re-evaluation of the 28% Goods and Services Tax applied to online gaming, casinos, and horse racing. This consideration comes in response to appeals from the industry.
Key takeaways
- The GST Council is considering reviewing the 28% GST.
- The levy applies to online gaming, casinos, and horse racing.
- The review is prompted by requests from the industry.
What's happening
The current 28% GST on online gaming, casinos, and horse racing has prompted industry stakeholders to seek a review. The GST Council is now reportedly heeding these calls and exploring the possibility of revisiting the taxation structure.
Indian context
This development is particularly relevant to the Indian skill-gaming sector. The potential review of the GST framework could have significant implications for operators and players within the country's online gaming, casino, and horse racing industries.
Source: News18 — read the full original report.
