Online Fantasy Sports Gaming are not gambling services, rather are games of skills, hence, respondent company’s activity of conducting Online Fanstasy Sports Gaming falls under entry 998439 having applicable rate of GST at 18 per cent . In case of Online Fantasy Sports Gaming being conducted by respondent, GST would be applicable only on amount received and retained by respondent towards platform fee being amount collected for supply of goods/services and not on entire money which is put at stake by player
Source: taxmann.com
Latest Posts in "India"
- Goa Notifies VAT Amendment Act 2026: Strengthens Composition Scheme, Settlement, and Refund Procedures
- GST Not Applicable on Assignment of Leasehold Rights; Eligible for Refund on Past Payments
- ICAI Releases Revised 2026 Handbook on Cross-Border Transactions, Investments, and International Taxation
- High-Value Transactions Now Automatically Reported to Tax Authorities, Even If Not Disclosed in ITR
- GST Compliance for CFOs: Strategic Risk Mitigation and Operational Efficiency in Indian Enterprises
