India, May 8 -- Amid the goods and services tax (GST) turmoil, the online gaming companies have reportedly told the Supreme Court that the industry does not oppose the prospective levy of 28% GST on the full face value of entry amounts, but it is against the move of applying the tax to past transactions.

During the court hearing, advocate for online poker platforms, Abhishek A Rastogi, raised concerns regarding the retrospective tax imposition and whether it is "legally valid and constitutionally justifiable", Business Standard reported.

"The tax assessment has been erroneously computed on the total amount 'churned'-that is, the gross transaction volume passing through the platform-rather than the actual 'pooled' amount, which constitut...