The GST Council, made up of all state finance ministers and headed by the Union finance minister, on July 11 levied a 28% tax rate on online gaming, which officials said was done since the activity was treated as a luxury, and not essential, thereby earning the highest slab.
Concerns have been raised that online gaming platforms may evade GST by operating from overseas. But, in such cases administration will deduct GST from payment sources, one official said. "The 28% GST on face value of bets, instead of gross gaming revenue (GGR), makes tax administration very simple. Tax can be deducted from payment sources in case of an overseas platforms," he said. GST on GGR value-total bets minus total wins-will complicate the system. "It is difficult to monitor, particularly in cases of overseas players, and prone to manipulations," he added.
On Wednesday, the Council will consider necessary changes in laws to enforce its July 11 decisions, the second official said.
この記事は Hindustan Times の July 31, 2023 版に掲載されています。
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この記事は Hindustan Times の July 31, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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