Online Gaming: Segregate Amount Collected By Portals For Taxation, Suggests New Proposal

Even as the Goods and Services Tax (GST) Council continues to struggle to arrive at a consensus over the issue of rate of taxation for the online gaming sector, a Group of Ministers (GoM) is considering a proposal to segregate the amount collected by online gaming portals into two accounts­—service and escrow. According to the proposal, the service account should attract the GST rate of 28 per cen…