NEW DELHI: In a big setback to online gaming firms facing show-cause notices for GST evasion of around Rs 2.5 lakh crore (with penalty), Supreme Court Wednesday upheld levy of 28% tax on the full face value of online gaming bets and validated rules under CGST for determining valuation of taxable supplies for lotteries, betting, gambling, horse racing and casinos.

The Supreme Court has backed the government's retrospective 28% GST on online gaming. The court ruled that online gaming platforms are not intermediaries and their activities are…

The Supreme Court upheld the retrospective 28% GST levy on online gaming firms and ruled that gaming with stakes amounts to betting and gambling.