28% GST on online gaming set to be implemented from October 1

Posted under: Extended Reality
Date: 2023-09-29
28% GST on online gaming set to be implemented from October 1

The Central Board of Indirect Taxes and Customs (CBIC) Chairman, Sanjay Agarwal, has announced that India is prepared to implement a 28 percent Goods and Services Tax (GST) rate on online gaming starting on October 1. This move comes with the consensus of all states and follows the recent passage of amendments to GST laws in the Lok Sabha. CBIC Chairman Sanjay Agarwal said we are ready to implement a 28 percent GST rate on online gaming starting October 1 with the consent of all the states. The law for the GST rate on online gaming will have to be passed by the assembly of states. Additionally, the GST Council has advised that the valuation of online gaming and actionable claims in casinos should be based on the amount paid or payable to the supplier by or on behalf of the player. India's move to tax online gaming is part of broader efforts to bring various sectors under the GST framework and streamline tax collections.

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