Friday, 24 March, 2023

GST claims may cripple e-gaming industry

<p>E-gaming businesses in India are concerned that applying the GST Act&#39;s actionable claims section to the sector could severely increase its tax burden and ruin some of the smaller operators. The prize pool is being treated as a claim to any debt under the GST Act, which is how it is defined in this situation. Gaming firms typically work with a commission rate of 7% to 20% and some even have margins as low as 4%.</p>