Indian online gaming industry likely to see 18% GST regime

The amended Finance Act of 2023, followed by the IT Intermediary Amendment Rules notified by the Ministry of Electronics and Information Technology, has given the online gaming industry the confidence that government will stick with the prevalent 18 per cent goods and services tax (GST) on gross gaming revenue (GGR).

Last year, the panel of state ministers set up by the GST Council to look into taxation of online gaming submitted its report to Finance Minister Nirmala Sitharaman recommending 28% GST on gross gaming value (GGV), which is the overall contest entry amount on online gaming, irrespective of whether it was a game of chance or skill.