The Central Board of Indirect Taxes and Customs (CBIC) has determined that online money gaming companies are subject to an additional tax liability of approximately ₹45,000 crore. Since the implementation of the Goods and Services Tax (GST) in 2017, these companies have paid at an 18% rate on their gross gaming revenue, claiming to be games of skill rather than the prescribed 28% rate for games of chance. However, the differential taxation treatment between games of skill and chance has now been abolished. The CBIC estimates that the gaming industry alone has evaded ₹45,000 crore in taxes.
Source a2ztaxcorp
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