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The Economic Times
The Economic Times
National

Gaming firms face ₹2.5 lakh crore exposure as Supreme Court upholds 28% GST on betting value

J B Pardiwala TOI

The online gaming industry is staring at a potential liability of around ₹2.5 lakh crore after the Supreme Court upheld the levy of 28% GST on the full face value of bets placed on online gaming platforms, along with supporting rules for valuation across betting, gambling, lotteries, horse racing and casinos, reported TOI.

A bench of Justices J B Pardiwala and R Mahadevan of the Supreme Court of India ruled that there was no constitutional defect in taxing online gaming at 28% on the entire bet value and upheld the CGST framework used to determine taxable supplies in such activities.

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