Lok Sabha Approves 28% GST on Online Gaming

The Lok Sabha has approved a 28% GST on online gaming, casinos, and horse racing in India

This decision aims to regulate the booming online gaming industry and have a consistent tax rate for all companies in the sector

The GST will be levied on the full face value of bets, which could result in higher costs for gaming platforms and players

The move is seen as an effort to control the fast-growing online gaming sector in India and protect consumers from unfair play

Its long-term effects on the Indian online gaming world are still uncertain, as the industry adjusts to this new tax rate