The Finance Minister has announced a 28% Goods and Services Tax (GST) on the face value of bets in casinos and online gaming. This decision is expected to significantly increase revenue collection for the government. While the move aims to bolster government income, it also indicates a focus on regulating and taxing the burgeoning online gaming industry. This development underscores the evolving landscape of taxation in the digital and entertainment sectors and raises questions about its impact on the gaming industry’s growth and consumer behavior. It is poised to have implications for both players and operators in the casino and online gaming space and may pave the way for further discussions on taxation policies in the digital economy.
28% GST on Casino and Online Gaming Face Value to Boost Revenue Collection, Says Finance Minister
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