Indian Online Gaming Giants Hit With Rs 1.12 Lakh Crore Tax Notices Since 2022, Says Report
Online gaming companies in India have received massive tax notices under the new taxation rules, which came into effect late last year. Since September 2022, gaming companies like Gameskraft and Delta Corp, among others, have been served notices to pay a staggering Rs 1.12 lakh crore in dues, according to calculations by the GST department.
This amount, calculated at 28 per cent on the face value of bets, has put pressure on the sector, as per a report by Moneycontrol. Despite hopes for relief at the upcoming GST council meeting in June, following the formation of a new government, a reduction in the taxation policy remains uncertain.
