The recently imposed 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 Online and League of Legends, or leading titles on PlayStation, Xbox and Nintendo platforms. The higher tax rate will be solely levied to pay-to-win games, such… Continue reading GST levy on online gaming may not impact taxation on e-sports, video games
Tag: levy
Delhi finance minister ‘strongly opposed’ to 28% GST levy on online gaming
Delhi finance minister Atishi has “strongly opposed” the GST Council’s decision to implement a 28 per cent GST on online gaming platforms, an official statement said on Wednesday. The GST Council chaired by Union finance minister Nirmala Sitharaman on Wednesday decided that 28 per cent GST will be levied at face value of… Continue reading Delhi finance minister ‘strongly opposed’ to 28% GST levy on online gaming
Govt stands firm on its decision to levy 28% GST on e-gaming, casinos
The government officials clarified that so long as money is involved in a game, govt will make no distinction between a game of skill and a game of chance The government officials have clarified that the proposed 28 per cent goods and services tax (GST) on online gaming and casinos is here to stay,… Continue reading Govt stands firm on its decision to levy 28% GST on e-gaming, casinos