- Gaming platforms like Dream11, Gameskraft, and MPL are challenging retrospective GST claims.
- The Centre reclassified online real money gaming under the 28% tax slab in 2023.
- The Supreme Court’s decision will affect over 27 online gaming firms.
- The court will decide if the government can impose 28% GST on the full bet value retrospectively.
- Hearings are set to conclude by Thursday, with closing submissions on Tuesday and Wednesday.
- The case will determine if companies must pay 28% GST on full bet value, prospectively or retrospectively.
- Until 2022, platforms paid 18% GST only on platform fees or commissions.
- In August 2023, the Centre amended the Central GST Act to classify real money online gaming as gambling.
Source: ndtvprofit.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
