The Indian GST Council, which oversees the national Goods and Services Tax, has confirmed that online gaming, casinos and horse racing will be subject to the top rate 28% GST from 1 October 2023. The current rate applied is 18% for using the games and apps fees; this would change the tax base to the full value of amounts bet.
Source: vatcalc.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
