Reports indicate that the Goods and Services Tax (GST) Council will discuss a review of the 28% tax presently applied to online gaming and casinos. This reconsideration is anticipated to take place during a meeting slated for June 22.
Key Takeaways
- The GST Council will address the 28% tax on online gaming.
- The GST Council will also address the 28% tax on casinos.
- This review is scheduled for the meeting on June 22.
What to expect
The upcoming GST Council meeting on June 22 is expected to focus on the existing taxation framework for the online gaming and casino sectors. The agenda includes a reconsideration of the 28% tax rate that has been implemented on these activities.
This discussion will be a significant point for stakeholders in both the online gaming and casino industries, as it could potentially lead to changes in the current tax structure affecting their operations.
Indian context
The GST Council's review of the 28% tax on online gaming directly impacts the burgeoning skill-gaming sector in India. Any adjustments to this tax rate could have substantial implications for operators and players alike within the country's online gaming ecosystem.
Source: Outlook India — read the full original report.
