{"id":777007692,"date":"2023-07-27T06:38:47","date_gmt":"2023-07-27T09:38:47","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777007692"},"modified":"2026-04-22T19:36:54","modified_gmt":"2026-04-22T22:36:54","slug":"gst-council-to-meet-on-august-2-to-discuss-gaming-tax","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/gst-council-to-meet-on-august-2-to-discuss-gaming-tax","title":{"rendered":"GST Council to meet on August 2 to discuss gaming tax"},"content":{"rendered":"\n<p>The gaming industry has warned that the tax could lead to job losses and a decline in investment.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>India.-<strong> <\/strong>The <strong>Goods and Services Tax (GST) Council <\/strong>will meet on August 2 to reach a final decision on the imposition of\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/gst-council-to-tax-online-gaming-casinos-and-horse-racing-at-28\" target=\"_blank\">a 28 per cent GST levy<\/a>\u00a0on online gaming, casinos and horse racing. Despite concerns from industry stakeholders, senior government officials have suggested there will be no backtracking on the proposal. <\/p>\n\n\n\n<p>The implementation framework, as discussed during the previous GST Council meeting, is expected to be formalised in the rules issued by the finance ministry. Subsequently, the Council will seek approval for the legal amendment after obtaining consent from the union finance minister, who serves as the chairperson of the Council.<\/p>\n\n\n\n<p>There have been doubts about <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/gst-council-to-decide-on-how-to-tax-online-gaming\" target=\"_blank\">whether the tax will be levied on the entry-level or on each wager<\/a>. While officials have said there will be no revision to the proposed rate, the meeting will seek to resolve this aspect.<\/p>\n\n\n\n<p>Various online gaming companies have expressed concerns over the potential ramifications of the tax, arguing that it could significantly impact volumes and the overall viability of gaming businesses.<\/p>\n\n\n\n<p>According to Indian Express, global and domestic investors, including firms such as Tiger Global, Peak XV (formerly Sequoia Capital India), and Steadview Capital, sent a joint appeal to the Prime Minister urging a review of the GST rate on online gaming. Over a hundred industry associations representing gaming companies, including Dream 11 and Mobile Premier League, issued an open letter to the government voicing concerns that the decision could lead to business shutdowns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The gaming industry has warned that the tax could lead to job losses and a decline in investment.<\/p>\n","protected":false},"author":176,"featured_media":21187,"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 is set to finalize a 28% GST levy on online gaming, casinos, and horse racing on August 2, despite significant industry opposition. Stakeholders, including major investors and operators, warn of potential job losses, investment decline, and business viability challenges, particularly concerning the tax base (entry-level vs. each wager). The government, however, indicates no revision to the proposed rate.","focusai_entities":"GST Council, Tiger Global, Peak XV, Sequoia Capital India, Steadview Capital, Dream 11, Mobile Premier League","focusai_location":"India","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (0.9), operator_casino (1.0), affiliate_publisher (0.8), marketing_crm (0.8), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.9)","focusai_suggestions":[{"label":"GST Levy Governance Frameworks?","query":"What specific governance frameworks will the finance ministry implement to clarify the 28% GST levy's application, particularly regarding its base (entry-level vs. each wager), and what is the projected timeline for these clarifications?"},{"label":"Impact on GGR to NGR?","query":"How will the proposed 28% GST impact the gross gaming revenue (GGR) to net gaming revenue (NGR) conversion rates for major online gaming operators in India, and what are the anticipated shifts in their capital expenditure and operational expenditure strategies?"}],"footnotes":""},"categories":[154,16334],"tags":[23911,4138],"class_list":["post-777007692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislation-news","category-south-asia-news","tag-gambling-regulation","tag-online-gambling"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007692","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=777007692"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007692\/revisions"}],"predecessor-version":[{"id":777007707,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007692\/revisions\/777007707"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21187"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777007692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777007692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777007692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}