The GST Council in its 50th meeting on July 11, 2023 sounded the death knell of the online gaming industry by recommending the highest slab rate of 28 percent. The Council obliterated the age-old distinction between a game of chance and a game of skill which had been recognised by both the legislature and the judiciary.
Against this backdrop, Kumar Visalaksh, Partner & Arihant Tater, Principal Associate, with inputs from Adhya Manickavelu, Associate, Economic Laws Practice have co-authored an article GST on online gaming turnover akin to scoring own goal for Money control. The article discusses the taxability of online gaming.
Read the article here: http://bitly.ws/PRPK