Home FEATURED NEWS India’s Gambling Companies Predict Ruin From New, Higher Taxes

India’s Gambling Companies Predict Ruin From New, Higher Taxes

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India’s nascent gaming trade is bracing for a authorities growth of the scope and fee of taxes on on-line playing, which it says may improve tax payments, leaving many companies unviable.

Under present legislation, ‘real money games’ like rummy and poker on-line, and fantasy sports activities, entice a items and providers tax of 18% on the charges charged by the corporate to play the sport, or the Gross Gaming Revenue. That fee may rise to twenty-eight%—the identical fee as playing and betting—below a plan into account by India’s influential Goods and Services Tax Council.

But what the trade actually fears is …

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