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What is the GST Percentage imposed by the Indian Ministry on Online Gaming?

A. 

5%

B. 

12%

C. 

16%

D. 

28%

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Answer with explanation

Answer: Option D

Explanation

The panel of state finance ministers is likely to recommend a uniform GST levy of 28 per cent on online gaming irrespective of whether it is a game of skill or a game of chance. Currently, online gaming attracts 18 per cent GST. The tax is levied on gross gaming revenue, which is the fees charged by online gaming portals. The Group of Minister’s report is almost final and would be submitted to the GST Council soon for consideration. However, it is likely to suggest a revised formula for calculating the amount on which the Goods and Services Tax (GST) would be levied.

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