Online gaming is clearly one such area that not only offers immense growth potential, but also offers India to corner the global market as well. A key issue that continues to hamper the real growth potential of online gaming is the current Goods and Services Tax (GST) regime. GST on online gaming has been a matter of contention for quite some time. Historically, online gaming platforms are taxed on their platform fee – that is the amount remaining after the prize winnings are distributed to winners. The New TDS RulesFor users of online gaming platforms, TDS was earlier deducted on 30% of amount over INR 10,000.

Source: Economic Times June 05, 2023 13:37 UTC