Goa's land-based casinos are reportedly seeking tax concessions to mitigate the impact of the newly applied 28% GST on online gaming.
On this page
Land-based casinos in Goa are exploring options for tax relief in response to the recent implementation of a 28% Goods and Services Tax (GST) on online gaming. This development suggests a broader impact across the gaming industry.
Following the new 28% GST levied on online gaming, land-based casinos in Goa are reportedly looking for tax concessions. The industry is assessing how this tax change in one segment affects others.
The move by Goa casinos highlights concerns about the economic implications for various verticals within the gaming ecosystem.
The imposition of a 28% GST on online gaming in India has led to discussions and reactions from different segments of the gaming industry, including land-based casinos in Goa, which are now seeking relief.
Source: Moneycontrol — read the full original report.
Reports indicate that the GST Council might reconsider its decision to levy a 28% Goods and Services Tax on online gaming and casinos, following concerns raised by the industry.
The GST Council has decided to levy a 28% goods and services tax on the entire face value of bets across online gaming, casinos, and horse racing, a move that is anticipated to significantly affect the online gaming sector.
The GST Council has decided to retain the 28% Goods and Services Tax on online gaming, casinos, and horse racing, providing no relief to the industry as had been previously anticipated.
The GST Council is reportedly set to reconsider the 28% tax levied on online gaming and casinos during its upcoming meeting scheduled for June 22.
The GST Council is expected to review the 28% levy on online gaming, casinos, and horse racing during its meeting scheduled for June 22, 2024, in Delhi.
The GST Council is set to address concerns regarding the 28% GST levied on online gaming, casinos, and horse racing, with a review anticipated after six months of implementation, as stated by CBIC Chairman Sanjay Kumar Agarwal.
