Online gaming industry eyes relief as stakeholders await GST Council review

GST Council Meet Today: The online gaming industry is closely watching the 54th Goods and Services Tax (GST) Council meeting as it awaits a potential review of the 28 per cent GST levied on deposits. The industry has been grappling with high taxation, which stakeholders argue has led to growth in grey market operators.

Asish Philip, partner at Lakshmikumaran and Sridharan, highlighted the industry’s expectations for clarity. “On the implementation of 28 per cent GST on deposits for online gaming, it was promised to review the impact on stakeholders after six months of implementation.