- GST Council unlikely to roll back 28% tax on online gaming
- Government believes tax has been accepted by industry and collections are doing well
- Concerns about GST notices for past payments may be reviewed
- Many companies worried about paying demands for previous years
- GST Council to discuss issues post General Elections and formation of next Union government
- Industry hoping for alternative to high 28% tax to enable expansion
- Suggestions for measures like temporary lock out for players spending long hours or money on online gaming
- Online Games industry seen as potential growth engine for Indian economy
- Calls for relook at 28% GST on online gaming industry.
Source: a2ztaxcorp.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.
