Decode: 28% GST on the Online Gaming Industry and Its Impact 📢
06 December 2023
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% hashtag#GST rate on India's booming online gaming sector.
Stay Connected, Stay Informed –
Don’t miss out on exclusive updates, market trends, and real-time investment opportunities. Be the first to know about the latest unlisted stocks, IPO announcements, and curated Fact Sheets, delivered straight to your WhatsApp.
Pre Ipo
Upcoming IPO
Unicorn
Planify Enterprises Private Limited
Planify Capital Limited
Licensed By
Mutual Fund License No.:
ARN-164419
IRDA Code (1):
ABLIC1003123454
IRDA Code (2):
ABLIC1003131639
Startup India Certificate No.:
DIPP93786
Other Websites
ⓒ 2016-2026 Planify. All rights reserved, Built with
in India
