Online gaming platforms in India are subject to Goods and Services Tax (GST) of 28 percent on the full value of bets placed, but foreign companies do not provide any details. To control these, India had amended the GST law and made it mandatory for foreign online gaming companies to do GST registration to run their business in India from October 1 this year, but till now no company has applied for such registration. Is.
Oversea gaming companies not bothred to Indian pressure
- Thread starter Yugocean
- Start date
It seems that there is a discrepancy between the taxation policies imposed on domestic online gaming companies compared to foreign companies operating in India. While Indian platforms are subject to a Goods and Services Tax (GST) rate of 28 percent on the total value of bets placed, foreign companies are not providing any details or applying for GST registration.
To address this issue, India made amendments to the GST law, requiring foreign online gaming companies to register and pay taxes from October 1, 2021. However, up until now, it appears that no foreign company has applied for such registration.
This situation raises concerns about the fairness and level playing field between domestic and foreign gaming companies in India. It is important for the Indian government to ensure that all gaming companies operating within the country adhere to the same taxation regulations to avoid any imbalances or unfair advantages.
By implementing stricter regulations and monitoring the compliance of foreign online gaming companies, India can strive for a more transparent and equitable gaming industry. It remains to be seen how the government will address this specific issue and whether foreign companies will eventually comply with the new GST requirements.
To address this issue, India made amendments to the GST law, requiring foreign online gaming companies to register and pay taxes from October 1, 2021. However, up until now, it appears that no foreign company has applied for such registration.
This situation raises concerns about the fairness and level playing field between domestic and foreign gaming companies in India. It is important for the Indian government to ensure that all gaming companies operating within the country adhere to the same taxation regulations to avoid any imbalances or unfair advantages.
By implementing stricter regulations and monitoring the compliance of foreign online gaming companies, India can strive for a more transparent and equitable gaming industry. It remains to be seen how the government will address this specific issue and whether foreign companies will eventually comply with the new GST requirements.
