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Expect to earn ₹14,000-cr GST in FY25 from online gambling: Govt

Reuters

Reuters · 1y ago

Expect to earn ₹14,000-cr GST in FY25 from online gambling: Govt

Union Revenue Secretary Sanjay Malhotra told Reuters that the government expects to collect up to ₹14,000 crore in GST in FY25 by taxing online gambling companies. The government had imposed 28% GST on funds that online gaming companies collect. Malhotra said the government will collect about ₹7,500 crore from online gambling in FY24, up from ₹1,600 crore collected in FY23.

Related News

Dream11 withdraws plea challenging Rs1,200 cr tax notice

Livemint

Livemint · 1y ago

Dream11 withdraws plea challenging Rs1,200 cr tax notice

Fantasy sports company Dream11 has withdrawn its petition challenging notices of alleged tax evasion amounting to ₹1,200 crore in the Bombay High Court. The state goods and services tax (GST) authority had withdrawn its show cause notice on Dream11 as the Central GST authorities were pursuing the matter in the Supreme Court. The gaming company was asked to pay a 28% tax on its gross value, with the company arguing that online fantasy sports gaming predominantly involves skill and not gambling.

Online Gaming GST Row: SC Stays ₹5,712-Crore Demand Against Paytm’s First Games

OutlookIndia

OutlookIndia · 3m ago

Online Gaming GST Row: SC Stays ₹5,712-Crore Demand Against Paytm’s First Games

The Supreme Court has stayed a ₹5,712-crore GST demand against Paytm's First Games, a real-money gaming platform. This dispute involves the classification and taxation of real-money gambling platforms under GST, impacting the broader online gaming industry. First Games challenged a retrospective GST notice, seeking relief on the GST rate applied to platform fees versus total bets. The issue highlights ongoing controversies about GST categorization and taxation in the Indian online gaming sector.

India aims to collect $1.7 bln from online gambling tax in FY25

Reuters · 1y ago

India aims to collect $1.7 bln from online gambling tax in FY25

The Indian government plans to collect around $1.7 billion in goods and services tax (GST) by taxing online gambling companies in the next fiscal year, according to Revenue Secretary Sanjay Malhotra. The government introduced a 28% tax on funds collected by online gaming companies from their customers for every bet, generating around $994 million in tax revenue so far. The tax is part of efforts to address concerns about addiction. A review of the tax framework for online gambling companies will be conducted by April.

28% GST on online gaming to yield extra ₹20,000 cr yearly: Govt

Money Control

Money Control · 2y ago

28% GST on online gaming to yield extra ₹20,000 cr yearly: Govt

According to Revenue Secretary Sanjay Malhotra, the GST Council's move to impose a 28% tax on the full bet value in online gaming would generate approximately ₹20,000 crore in additional annual revenue for the government. Malhotra noted that the online gaming industry currently pays only 2-3% GST, which is lower than the 5% tax applied to food items commonly consumed by individuals.

Online gaming companies say only illegal platforms will gain from 28% GST

Economic Times

Economic Times · 2y ago

Online gaming companies say only illegal platforms will gain from 28% GST

The government's decision to impose a 28% GST on the full face value of online gaming could result in users migrating to illegal gambling and betting platforms, industry executives said.

Online gaming companies to collect 28% on full bet value, offshore platforms to be GST registered from Oct 1

Economic Times

Economic Times · 1y ago

Online gaming companies to collect 28% on full bet value, offshore platforms to be GST registered from Oct 1

From October 1, online gaming companies in India will charge 28% GST on the full value of bets, while offshore platforms will be required to have GST registration to operate in the country. The Central GST Act has been amended to treat online gaming, casinos, and horse racing as "actionable claims," similar to lottery and gambling, subjecting them to the 28% tax. The amendments also require offshore platforms to register in India and pay the applicable tax. However, the notification has raised concerns as several states are yet to pass amendments to their respective GST laws.

Supreme Court to hear gaming firms’ challenge to 28% GST rule

Economic Times

Economic Times · 7m ago

Supreme Court to hear gaming firms’ challenge to 28% GST rule

The Supreme Court is set to hear petitions from online gaming firms and casinos challenging the 28% GST imposition on the full value of bets rather than gross gaming revenue. These firms face significant retrospective tax demands since 2023, fearing coercive actions by tax authorities. The Court had earlier stayed a Karnataka High Court judgment demanding Rs 21,000 crore GST from GamesKraft. The petitions argue against the government's view equating all online betting to gambling for tax purposes.

Govt issues advisory against betting/gambling ads

IndianStartupNews

IndianStartupNews · 2y ago

Govt issues advisory against betting/gambling ads

The Ministry of Information and Broadcasting in India has instructed media entities, online ad intermediaries, and social media platforms to abstain from featuring advertisements or promotional content related to betting or gambling. Failure to adhere to the advisory may lead to "appropriate actions" under various statutes. The move aims to prevent both direct and indirect advertising of games that qualify as betting or gambling, due to their financial and socio-economic risks, especially for youth and children. The ministry warns that such advertisements might be linked to money laundering networks and black money usage.

Govt issued 1,524 blocking directions for online betting, gambling platforms: MoS IT - The Economic Times

Economic Times

Economic Times · 1m ago

Govt issued 1,524 blocking directions for online betting, gambling platforms: MoS IT - The Economic Times

From 2022 until June 2025, the Indian government issued 1,524 blocking directions for online betting and gambling platforms, as informed by Minister of State for Electronics and IT, Jitin Prasada, in response to the Lok Sabha. These actions aim to ensure a safe and accountable internet. The measures are supported by the Information Technology Act and the IGST Act, with states holding primary responsibility for regulating betting and gambling as it’s a state subject.

Paytm gets relief as Supreme Court stays Rs 5,712 Cr GST notice

Entrackr

Entrackr · 3m ago

Paytm gets relief as Supreme Court stays Rs 5,712 Cr GST notice

Paytm gets relief as Supreme Court stays Rs 5,712 Cr GST notice. In its order, the apex court directed, “Further proceedings of all the impugned show cause notices shall remain stayed till the final disposal of the main matter along with all the matters which are tagged.” The Supreme Court of India has stayed the proceedings of a Rs 5,712 crore GST Show Cause Notice (SCN) issued to First Games Technology Private Limited, a subsidiary of One 97 Communications Ltd (Paytm). Paytm shared the update in a regulatory filing on May 24, after the Supreme Court issued an interim order on May 23. The order came in response to a petition by First Games, which challenged a GST notice from the Directorate General of GST Intelligence (DGGI) for the period from January 2018 to March 2023. In its order, the apex court directed, “Further proceedings of all the impugned show cause notices shall remain stayed till the final disposal of the main matter along with all the matters which are tagged.” The stay gives Paytm’s gaming arm temporary legal relief and more time to defend its case without facing immediate penalties. Earlier, Paytm said the notice is part of an ongoing issue in the online gaming industry. The disagreement is about GST being charged at 28% on the full entry amount, while gaming companies believe it should be 18% only on their actual earnings from platform fees. The SCN is part of a broader industry-wide probe by the GST department, which has issued similar notices to several gaming companies. The matter is being closely monitored by stakeholders across the online gaming sector. Paytm's operating revenue fell by 16% year-on-year to Rs 1,911 crore in the fourth quarter of FY25, down from 2,267 crore in the same quarter of FY24. However, the Noida-based company narrowed its losses to 23 crore in Q4 FY25, a 96% reduction from 536 crore in Q4 FY24.

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