Skill-Based Online Gaming Platforms Staring At INR 45,000 Cr Retrospective Tax Liability

Skill-Based Online Gaming Platforms Staring At INR 45,000 Cr Retrospective Tax Liability

SUMMARY

The Central Board of Direct Taxes and Customs (CBIC) has assessed the pending GST liabilities of these companies since the 2017 rollout of the tax

While skill-based online gaming platforms paid an 18% tax on gross gaming revenue, the latest online gaming tax rules don’t differentiate between games of chance and skill

For now, the Directorate General of GST Intelligence (DGGI) is working on issuing notices to these companies

The tax nightmare for online gaming companies refuses to show signs of easing as platforms offering games of skill are possibly looking at an additional tax liability of nearly INR 45,000 Cr.

The Central Board of Direct Taxes and Customs (CBIC) has assessed the pending GST liabilities of these companies since the 2017 rollout of the tax, per a senior official from the department, cited in an ET report.

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