GST Council's decision to impose 28% tax on online gaming opposed by ministers of Goa and Karnataka

The Indian gaming industry is reeling after a new decision by the GST council imposed a 28% tax on the full face value of bets in online gaming. The decision is seen as potentially devastating for the sector, leading to job losses and a decline in foreign capital inflows. Although the central government believes the move will boost revenue from the sector, dissenting voices from states such as Goa and Karnataka have argued that the tax could spell disaster for the industry. Industry experts have criticized the decision, while the Goa government is set to urge the GST council to reconsider it.

from Gadgets News – Latest Technology News, Mobile News & Updates July 15, 2023 at 12:28AM The Indian gaming industry is reeling after a new decision by the GST council imposed a 28% tax on the full face value of bets in online gaming. The decision is seen as potentially devastating for the sector, leading to job losses and a decline in foreign capital inflows. Although the central government believes the move will boost revenue from the sector, dissenting voices from states such as Goa and Karnataka have argued that the tax could spell disaster for the industry. Industry experts have criticized the decision, while the Goa government is set to urge the GST council to reconsider it. July 15, 2023 at 12:28AM