However, MeitY feels a review can be sought in line with the online gaming rules it announced in April. On Monday, Minister of State for IT Rajeev Chandrasekhar said that there were no differences between the finance ministry and MeitY on the approach to online gaming. “As regulatory framework for permissible online gaming stabilizes we will rqst GST Council to study n consider new Framework,” he added. ET’s queries sent to MeitY and the finance ministry did not elicit a response till press time. The online gaming industry has argued that imposition of 28% levy on the full face value could result in users migrating to illegal betting and gambling platforms in the lookout for better returns.

Source: Economic Times July 24, 2023 09:13 UTC