28% GST on online gaming from October 1

In a recent announcement by Finance Minister Nirmala Sitharaman, it has been revealed that online gaming will now attract a Goods and Services Tax (GST) rate of 28% starting from October 1. This decision was made during the 51st meeting of the GST Council.
The Finance Minister clarified that the 28% GST rate will be applicable to online gaming right from the entry level itself. This means that the tax will be based on the face value of the gaming transactions. It is important to note that this rate will be reviewed after a period of six months to assess its impact and effectiveness.
During the meeting, representatives from Delhi, Goa, and Sikkim requested a reconsideration of the decision made on July 11 regarding online gaming taxation. However, the decision to impose a 28% GST rate on online gaming has been upheld.

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