Will 28% GST on online gaming affect its growth?

The story so far:  At the recently concluded 50th GST Council meeting, it was decided that online gaming would be taxed at 28% on the full-face value of the placed bets. Elaborating on the move, Finance Minister Nirmala Sitharaman clarified that the idea was not to hurt the industry. However, she stated, there was a moral question: whether the industry (also including casinos, horse…