India, March 22 -- The Government of India issued the following news release:
The Directorate General of Goods and Services Tax Intelligence (DGGI) has intensified its enforcement actions against offshore online gaming entities. The online money gaming industry comprises both domestic and foreign operators.
Under GST law, 'Online Money Gaming' , being actionable claim, is classified as a supply of 'Goods' and is subject to a 28% tax. Entities operating in this sector are required to register under GST.
Around 700 offshore entities involved in the supply of online money gaming/betting/gambling are under DGGI's scanner. It has been noticed that these entities are evading GST by failing to register, concealing taxable pay-ins, and bypassing...