GST: India's Online Game Tax Could Kill A Booming Industry | Online Gaming News | English News

GST: India's Online Game Tax Could Kill A Booming Industry | Online Gaming News | English News The Indian government's decision to impose a 28% tax on online gaming poses an "existential threat" to the booming industry and could spell its death knell, say experts. Shares of Indian online gaming platforms and casinos have crashed following the GST (Goods and Services Tax) Council's decision. The country's 900+ gaming start-ups had been paying a small tax on the fee they charged for offering games. But the imposition of a 28% GST on the full face value of a gaming transaction will mean the entire amount collected from players will now come under the ambit of taxation. According to industry estimates, total tax collection on player winnings will go beyond 50%, including GST, platform commissions and income taxeswhen the new law is implemented. #gsttax #gst #onlinegaming #onlinegames #news18 #cnnnews18 n18oc_news