The Goods and Services Tax (GST) Council in India has announced that online gaming businesses will be subjected to a 28% GST on the full face value of bets, aligning them with the betting and gambling industries. As a result, certain amendments will be made to the GST law, stated finance minister Nirmala Sitharaman during a press conference following the GST council meeting in New Delhi.
Source: globalvatcompliance.com
Latest Posts in "India"
- Supreme Court: VAT Credit Cannot Be Denied Due to Supplier’s Tax Default
- Trickiest countries in which to achieve compliance
- India announces changes in the Invoice Management System
- GST: India’s Grand Federal Bargain Becomes Imperfect Political Compromise After Eight Years
- GST 2.0 Boosts Bengal’s Economy with Rate Cuts on Local Goods and Industries
