The ruling could reshape the sector’s regulatory landscape even though its practical impact may be limited for some firms.
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bluebeat76
In a major setback for the online gaming industry, the Supreme Court on Wednesday upheld the retrospective imposition of 28 per cent GST on online gaming platforms, while ruling that companies offering real-money games are not merely intermediaries but suppliers of actionable claims liable to taxation. However, the court said the ultimate determination of tax liability in individual cases would rest with the concerned GST authorities.The apex court also upheld State laws enacted by Tamil Nadu and Karnataka criminalising online games played for stakes, including rummy, poker and fantasy sports.
The ruling could reshape the sector’s regulatory landscape even though its practical impact may be limited for some firms.
