A Year of 28% GST on the Online Real Money Gaming Sector: Challenges and Concerns

GST on online gaming was a major point of discussion in the GST council, the debates on changes in the rate of tax and value of supply went on for over 2 years and the council finally made a decision in July 2023. The amendments came into effect on October 1, 2023, imposing a 28% tax on total deposits in the online gaming sector, up from the previous 18% tax on platform fees or gross gaming revenu…