Fair GST Implementation On Skill-Based Online Games Could Reshape The Indian Online Gaming Sector

To decide if GST is applicable on the complete transaction value, which incorporates the prize money or the net commissions (revenues) that accrue to gaming firms, the GST Council and Ministry of Finance have framed a Group of Ministers (GoM). With that, the GOM is additionally entrusted with coming up with suggestions on the GST rate to be applicable. Nonetheless, the council that was framed last May was dissolved, and another one was formed in February 2022.