Faces of the same coin

Date:

Recently GST Council’s Law Committee talked with technical domain specialists about the definitions of “games of skill” and “games of chance.” As per my opinion the GST of 28% must be the same for both games since games of skill and games of chance are two sides of the same coin & since they don’t have much difference. More than a year ago, many states have been arguing for a reduced tax rate on those online games that demand skill. They believe that skill-based games shouldn’t be viewed equally with chance-based ones. Lack of a defined term frequently results in tax notices being made to online game sites and subsequent legal action.Policy level clarity from the GST Council is the need of the hour to fuel growth in the entire online gaming sector.

Vijaykumar H K
Raichur

Share post:

Popular

More like this
Related

Meesho expands footwear category, launches Relaxo, Paragon, Liberty

Meesho e-commerce marketplace has strengthened its footwear category with...

Paladugu Mary: A woman warrior in SC categorisation movement

By M. Rajanikanth | Bureau Chief Hyderabad: In the three-decades long...

Congress supremo Sonia Gandhi appreciates Konda Surekha for Kaleshwaram Maha Kumbhabhishekam, prasadam

New Delhi: Congress Parliamentary Party Chairperson Sonia Gandhi has...

Warangal West MLA Naini Rajender Reddy thanks CM Revanth for getting Mamnoor airport clearance

Hyderabad: Naini Rajender Reddy, MLA from Warangal West Assembly...