GST JOURNEY FOR ONLINE GAMING INDUSTRY: AN ANALYSIS

AUTHOR – QUISER AMAN, RESEARCH SCHOLAR AT DEPARTMENT OF COMMERCE AND BUSINESS MANAGEMENT, RANCHI UNIVERSITY, RANCHI

BEST CITATION – QUISER AMAN, GST JOURNEY FOR ONLINE GAMING INDUSTRY: AN ANALYSIS, INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 4 (4) OF 2024, PG. 495-499, APIS – 3920 – 0001 & ISSN – 2583-2344.

Abstract

In India, online gaming has become a major driver of economic growth, bringing in large sums of money and raising tax revenues. The availability of new forms of online gaming and its continuous innovation have led to a complex and dynamic tax environment for online gaming in India. This research article, delves into the transformative journey of the Goods and Services Tax (GST) within this dynamic sector. The article traces the GST framework’s historical context, differentiating between games of skill and chance, and examines pivotal regulatory changes leading to the uniform 28% GST on all online gaming from October 1, 2023. It also highlights the various timelines of significant event that shaped the current GST framework for online gaming industry in India.