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GST Authorities, E-Gaming Companies in Race Against Time
The Indian online gaming industry faces a critical deadline as tax authorities prepare to finalize demands based on show-cause notices. The Supreme Court is hearing a case challenging the 28% GST levied on betting amounts, with the industry arguing it should apply only to platform fees.
The clock is ticking in the gaming world.
In less than two months, the taxman would have to convert a string of show cause notices (SCNs) into final demands on several Indian gaming companies belonging to a business that is stuck in a mire of a steep tax, ambiguous rules, and a make-or-break tussle at the apex court.
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