Decoding government’s tax math for online gaming players
The Directorate General of GST Intelligence (DGGI), which has issued over a dozen show cause notices to real-money gaming platforms, has calculated the dues on the actual bets placed on portals since 2017, sources in the know told ET.
“In the case of Dream11, bets worth ₹1 lakh crore were placed and this has attracted a GST of ₹28,000 crore-plus,” said an official privy to the development. “Similarly, in the case of Games24x7 Pvt Ltd and affiliates, bets of over ₹71,000 crore were placed, which has attracted a GST of ₹20,000 crore-plus,” said the official.