Major Regulatory Developments in India
28% GST Review: Online gaming companies have officially moved to the Supreme Court to seek a review of the May 27 judgment. The original ruling upheld the 28% GST on the full face value of bets and cleared the path for retrospective tax demands exceeding ₹1.5 lakh crore. Companies argue that the tax should apply only from October 2023 and differentiate between games of skill and games of chance.
28% GST Review: Online gaming companies have officially moved to the Supreme Court to seek a review of the May 27 judgment. The original ruling upheld the 28% GST on the full face value of bets and cleared the path for retrospective tax demands exceeding ₹1.5 lakh crore. Companies argue that the tax should apply only from October 2023 and differentiate between games of skill and games of chance.