Tuesday, 11 July, 2023
India's GST Council to Impose 28% Tax on Turnover of Online Gaming Firms
The Goods and Services Tax (GST) Council in India has made the decision to impose a 28% tax on the turnover of online gaming companies. This move aims to ensure that the online gaming industry contributes its fair share to the country's tax revenues. The decision comes amid the growing popularity of online gaming in India and reflects the government's efforts to regulate the sector and generate revenue from its operations.