Clarifications and clear definitions of various aspects of monetary bets, deposits, use of digital virtual assets in the gaming ecosystem are likely to be taken up by the GST Council.
Amid major push back from the online gaming industry against the 28% GST imposed on the sector last month, the Centre has indicated that the high slab on the sector is here to stay.
The GST Council has proposed to levy 28% uniform tax on online gaming, casinos and horse racing.
India may see users shifting from legitimate online skill gaming platforms to offshore online illegitimate gambling and betting platforms, says a white paper by law firm Lakshmikumaran & Sridharan.
