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Taxing Times: How High Taxation Is Stifling India’s iGaming Sector

Inc42 · 1y

The iGaming industry in India is facing challenges due to regulatory shifts and taxation dilemmas. The GST hike, retrospective charges, and taxation on non-tangible elements have caused confusion and uncertainty. The industry is seeking clarity on GST differentiation between games of skill and games of chance, effective date of enhanced GST, scope of GST application, and regulatory parameters. Self-regulatory organizations have emerged to address concerns of money laundering and player safety. The resolution lies in the hands of the judiciary to provide clarity and unlock the industry's potential.