The GST Council has affirmed its decision to maintain the current tax structure for online gaming, casinos, and horse racing. This means the 28% Goods and Services Tax (GST) will continue to apply to these sectors. The Council opted against reviewing this tax rate, effectively preserving the existing regime.
Indian Context
This decision by the GST Council directly impacts the online gaming industry in India, along with casinos and horse racing operations within the country. The continuity of the 28% GST rate reflects the Council's stance on the taxation of these activities as they currently stand.
Source: Inc42 — read the full original report.
