Let us not resurrect the ghost of retro taxation

In July, the Goods and Services Tax Council settled an argument over the GST slab applicable to online casinos and gaming platforms and on what sum this tax should be levied. A rate of 28% on the full sums staked by customers was a blow to the business model of these firms, which wanted only their own fees charged, but it was plainly a pragmatic call. The activity does have the air of a luxury, re…