report submitted by the Group of Ministers (GoM)<\/a> in June 2022. While many online gaming firms welcomed the 28 per cent rate, they expressed disapproval of the tax being imposed on the amount inclusive of entry fees. They argued the decision deviated from international practices and could potentially harm smaller startups.<\/p>\n","protected":false},"excerpt":{"rendered":"The industry had called for the tax to be applied on GGR not the full face value.<\/p>\n","protected":false},"author":176,"featured_media":15630,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"India's GST Council has decided to impose a 28% tax on the full face value for online gaming, casinos, and horse racing betting, a move that deviates from industry calls for taxation on Gross Gaming Revenue (GGR). This decision, which will be implemented following necessary legal amendments, has raised concerns among online gaming firms regarding its potential harm to smaller startups and its departure from international taxation practices.","focusai_entities":"GST Council, Nirmala Sitharaman, Sudhir Mungantiwar, Group of Ministers","focusai_location":"India, Maharashtra","focusai_target_profile":"ceo_executive (1.0), regulator (0.9), compliance_legal (1.0), operator_casino (1.0), affiliate_publisher (0.7), tech_data (0.7), marketing_crm (0.9), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Impact on GGR & NGR?","query":"What is the projected impact of the 28% GST on full face value on the Indian iGaming market's Gross Gaming Revenue (GGR) and Net Gaming Revenue (NGR), and how will this affect the competitive landscape, particularly for smaller startups?"},{"label":"Regulatory & Investment Outlook?","query":"Given the deviation from international best practices of taxing GGR, what are the potential legal challenges and the long-term implications for foreign direct investment in India's gaming verticals?"}],"footnotes":""},"categories":[154,158,16334],"tags":[23911,4138],"class_list":["post-777007170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislation-news","category-slider-home","category-south-asia-news","tag-gambling-regulation","tag-online-gambling"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777007170"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007170\/revisions"}],"predecessor-version":[{"id":777007306,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007170\/revisions\/777007306"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/15630"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777007170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777007170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777007170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}