![]() ![]() Today's decision is only to clarify it and put an end to this debate," he said. "The 28% tax was always the case in online gaming. ![]() On legal challenges mounted by some gaming companies against the levy of 28% tax on full value, revenue secretary Sanjay Malhotra said the government will continue to fight those cases in court. ![]() We humbly request the GST Council and the government of India to reconsider this decision." "Further, this decision will shift users to illegal betting platforms, leading to user risk and loss of revenue for the government. "This decision will have a chilling effect on the $2.5 billion of FDI (foreign direct investment) already invested by investors and jeopardise potentially any further FDI in the sector," said Joy Bhattacharjya, director general, Federation of India Fantasy Sports (FIFS). The industry said the move would be debilitating. it does not mean they (online gaming) be promoted more than essential industries," she said. The finance minister said the government does not intend to kill any industry but gaming and gambling cannot be taxed lower than essential goods. Officials said the government will introduce an amendment in the upcoming monsoon session to facilitate this. "For that there will be an amendment in the GST law to include online gaming." "Online gaming, horse racing and casinos will be taxed at 28% each and they will be taxed on full face value," she said. ![]()
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