Supreme Court Upholds Retrospective 28% GST Levy On Real Money Gaming Companies
India, May 27 -- The Supreme Court (SC) has reportedly upheld the Central government's decision to impose a 28% retrospective goods and services tax (GST) on real-money online gaming companies over the full face value of bets placed through their platforms.
As per a report by the Bar and Bench, the apex court observed that GST on online gaming activity is constitutionally valid and does not violate constitutional scheme governing GST.
"Online gaming activities, including fantasy sports and other games played on digital platforms, involving staking upon uncertain outcomes, constitute betting and gambling for the purpose of GST framework," the bench, comprising Justices J B Pardiwala and R Mahadevan, said.
The SC ruled that online gaming...
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