28% GST on online gaming may not impact taxation on e-sports, video games
The recently proposed 28 per cent goods and services tax (GST) on online games involving real money will not impact the taxation on e-sports, such as FIFA and League of Legends, or leading titles on PlayStation, Xbox, and Nintendo platforms. The higher tax rate will be solely levied on pay-to-win games, such as fantasy sports, rummy, and poker, which have the scope of monetary gains. “E-sports and…