Online gaming in India likely to attract 28 per cent GST instead of 18, calculation method to be tweaked- Technology News, Firstpost
FP StaffNov 22, 2022 14:23:48 ISTThe Indian government is likely to tax online gaming at the rate of 28 per cent under Goods and Services Tax, instead of the current 18 per cent. It is also likely to suggest a new, revised formula for calculating the amount on which the GST would be levied.
The Indian government has finally decided that online gaming essentially falls under the category of ‘demerit goods’ and hence should attract a 28 per cent GST. Image Credit: Pexels
At present online gaming attracts 18 per cent GST,…