​Decode: 28% GST on the Online Gaming Industry and Its Impact 📢 In August 2023, the GST council approved a 28% GST rate on online gaming, casinos, and horse racing. Now apart from the 28% GST tax, the other key thing to understand here is “online gaming’- which has created great confusion among the investor community, gamers, media houses, etc. The 28% GST is only levied on real-money gaming which mainly includes poker, slot machine or casino table games, lottery, sports betting, sports wagering, bingo, and fantasy sports, against which a player gets an opportunity to receive the payment of cash or anything else that can be redeemed for cash or cash equivalents. In this post, we'll explore how the 28% GST tax policy shift is making waves and its impact on both players and the gaming ecosystem as a whole. Get ready for a closer look at the evolving landscape of one of India's most dynamic industries. Discover the implications of the 28% <a href="https://www.linkedin.com/feed/hashtag/?keywords=gst&amp;highlightedUpdateUrns=urn%3Ali%3Aactivity%3A7105455645725720576">hashtag#GST</a> rate on India's booming online gaming sector.​

the GST council approved a 28% GST rate on online gaming, casinos, and horse racing. Now apart from the 28% GST tax, the other key thing to understand here is “online gaming’

28% GST on Online Gaming: Impact decoded! In August 2023, the GST council approved a 28% GST rate on online gaming, casinos, and horse racing.

​Decode: 28% GST on the Online Gaming Industry and Its Impact 📢

Decode: 28% GST on the Online Gaming Industry and Its Impact 📢