Mandatory GST Liability for Online Money Gaming Companies Could Reach ₹45,000 Crore

The Central Board of Indirect Taxes and Customs (CBIC) has determined that online money gaming companies are subject to an additional tax liability of approximately ₹45,000 crore. Since the implementation of the Goods and Services Tax (GST) in 2017, these companies have paid at an 18% rate on their gross gaming revenue, claiming to be games of skill rather than the prescribed 28% rate for games of…