Govt mulls relief on retrospective GST on e-gaming

The government is considering granting relief to the online gaming industry by exempting them from paying the Goods and Services Tax (GST) at the rate of 28% on the full face value of bets for the pre-October 1, 2023 period, official sources privy to matter told FE, on condition of anonymity.

This would mean that the highly contentious “retrospective levy” of the tax would be annulled, irrespective of the outcome of the Supreme Court case in this regard.

“At the moment, the matter is lying with the Supreme Court, so the government is going to wait for the apex court’s ruling. After the judgement, the government would take appropriate steps,” the source said. “This would, however, require a decision from the GST Council,” the person added.

Read more

You may also like

More in IT

Comments are closed.