The GST Council is unlikely to reverse the 28% GST on the online gaming industry, despite concerns from stakeholders. The government believes the tax has been accepted by both players and companies, and the increase in tax collections supports this view. There is uncertainty surrounding GST notices for past payments, and companies have filed petitions on this issue. The matter is expected to be revisited by the GST Council after the General Elections and the formation of the new Union government. The industry has voiced concerns that the high tax rate could deter players, and experts are advocating for a reconsideration of the tax rate to encourage further growth in the sector.
Source A2ztaxcorp
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