India levies 28% GST on online gaming, horse racing, casinos; industry says it’s unconstitutional

In a setback to online gaming companies, India’s GST Council on Tuesday decided that there will be a 28% GST levy on full value of gaming, horse racing, and casinos. The 50th GST Council has announced its decision to levy a 28% GST on online gaming, along with horse racing and casinos which comes as a drawback to online gaming companies. The GST will be applicable to gross revenue/total prize pool.