GST on Online Gaming

The online gaming industry in India has experienced significant growth, becoming one of the largest markets globally. The GST Council is mulling over the proposal to levy a higher 28% tax rate on the contest entry amounts. The decision on rate of tax and value on which tax is to be levied will bring clarity on industry's viability and sustainability. This report analyzes the evolution of tax regulations, forecasts the industry's growth and GST impact based on industry data, and recommends careful consideration of any GST burden increase, taking into account industry dynamics and global policies. The report was prepared in partnership with the Federation of Indian Fantasy Sports (FIFS), providing valuable industry statistics and forecasts.