Supreme Court will take a key decision on the GST Liabilities of Online Gaming Industry. Read More >>
The Supreme Court's decision on a Rs 21,000 crore GST evasion case against Gameskraft holds implications for the real-money gaming sector.
Gameskraft faced accusations of promoting online betting, leading to a 28% tax levy on betting amounts. The case rests on skill vs. chance.
The industry awaits the Supreme Court's decision, which could set a precedent for tax treatment of real-money gaming across India.
In July 2023, the GST Council raised the tax rate to 28% on the full-face value, regardless of the game being skill-based or of chance.
Haryana, Goa, and Arunachal Pradesh followed suit, passing amendments to align with the revised GST policy for gaming.
Real-money gaming contributes significantly to India's gaming sector revenues, projected to grow from Rs 13,500 crore in 2022 to Rs 23,100 crore in 2025.