[ad_1] Recently, the Goods and Services Tax (GST) Council had agreed to levy a GST of 28 per cent on the full value of online gaming, casino and horse racing. This was strongly opposed by the online gaming industry. This industry says that due to this heavy burden of tax, they will suffer a big … Read more
[ad_1] Going overseas to avoid the 28 per cent tax is not an option for online gaming firms. If these firms shift abroad, it will violate the foreign exchange laws of the country. However, it has been clarified that the enhanced tax will not be applicable to these firms with retrospective effect. Vivek Johri, Chairman, … Read more
[ad_1] The online gaming industry, which has grown rapidly in the last few years, has suffered a major setback. The Goods and Services Tax (GST) Council has agreed to levy a GST of 28 per cent on the full value of online gaming, horse racing and casinos. GST Council is of the view that there … Read more