GST Council recommends 28% tax rate for online gaming
The new tax rate will be applicable on the full value of the bets placed in online gaming
The new tax rate will be applicable on the full value of the bets placed in online gaming
The GST Council is expected to meet later this month and it will consider a report from the Group of Ministers (GoM) on GST slab rationalisation.
The NIPFP study concludes sequencing transition to the new GST rate structure will be important to minimise the cost associated with tax compliance, tax administration and economic distortions.