Increase in the GST: Online Games in India are Likely to Cost More Money
India, Nov. 28 -- Regardless of whether an online game is a game of skill or chance, the state finance ministers' panel is expected to suggest a GST rate of 28% and may leave the GST Council with the ultimate say on the contentious valuation issue, according to sources.
How was the GST for online games proposed?
Conrad Sangma, the chief minister of Meghalaya, presided over a virtual meeting of the Group of Ministers on Tuesday to finalise their report on the taxation of online gambling , casinos, and horse racing, which had been in the works for a long time.
The majority of state ministers in the GoM, according to the sources, believe that the Goods and Services Tax (GST) on online gambling should be increased to 28%.
What is the curr...
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