28% GST On Online Gaming Set To Be Implemented From October 1
NDTV
This move comes with the consensus of all states and follows the recent passage of amendments to GST laws in the Lok Sabha.
The Central Board of Indirect Taxes and Customs (CBIC) Chairman, Sanjay Agarwal, has announced that India is prepared to implement a 28 per cent Goods and Services Tax (GST) rate on online gaming starting from 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 per cent GST rate on online gaming from October 1 with the consent of all the states. The law for GST rate on online gaming will have to be passed by the assembly of states. Show cause notices to some online gaming companies are legal process."
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