The recently proposed 28 per cent goods and services tax (GST) on online games involving real money will not impact the taxation on e-sports, such as FIFA and League of Legends, or leading titles on PlayStation, Xbox, and Nintendo platforms.
The higher tax rate will be solely levied on pay-to-win games, such as fantasy sports, rummy, and poker, which have the scope of monetary gains.
"E-sports and video games, intended purely for entertainment and not involving betting, gambling or any money transactions, will continue to be taxed as they have been," according to a government official.
Currently, e-sports and games meant for entertainment attract 18 per cent GST. Prominent players like Microsoft and Activision Blizzard offer such games without any betting component.
Rules in the works for games involving monetary gains will distinguish such games or sports and those intended solely for entertainment. "The detailed framework will specify terms like 'online money gaming' and what all will fall under this category," a senior official familiar with the matter said.
Diese Geschichte stammt aus der August 08, 2023-Ausgabe von Business Standard.
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Diese Geschichte stammt aus der August 08, 2023-Ausgabe von Business Standard.
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