28% GST on online gaming to yield Rs 20,000 cr annually: Revenue Secretary

The government anticipates earning an additional Rs 20,000 crore per annum after the GST Council implemented a 28% tax on full bet value for online gaming, horse racing, and casinos. Indian online gaming companies are currently only paying around 2-3% GST. Last year, the government collected only Rs 1,700 crore GST, which could have been Rs 15,000-20,000 crore if taxed on the full value. The decision has been challenged in the High Court, and the government will be pursuing all cases in the Supreme Court to recover taxes.

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