![]() Revenue Secretary Sanjay Malhotra has predicted that the new levy would fetch an estimated additional revenue of Rs 20,000 crore to the government. As per the FICCI-EY report, these revenues were expected to grow to Rs 16,700 crore and Rs 23,100 crore in 20 respectively. The online gaming sector, worth Rs 13,500 crore, accounted for 77% of India’s gaming sector revenue in 2022. Further, the GST Council also agreed that there should be no distinction between a 'game of skill and a game of chance’. The Parliament’s new amendments in the Goods and Services Tax (GST) laws to levy a 28% tax on the face value of all bets made in online gaming, casinos, and horse racing destabilized the online gaming industry in the country. ![]() Some experts condemn the GST hike, while others see it as boosting government revenues. The new 28% GST on online gaming has produced divided opinions about the industry’s future in India.
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