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GST on Online Gaming Nets 412% More Revenue in Six Months

- Finance Minister Nirmala Sitharaman announced a 412% revenue increase from online gaming, totaling ₹6,909 crore in six months. - The 28 percent GST on skill-based and chance-based online games was implemented on October 1, 2023. - Casinos also saw a 30 percent revenue increase. - India, with 442 million gamers, is the second largest market globally, and the industry is expected to grow significantly. - Despite the revenue boost, the industry faces challenges, including higher tax burdens and reduced margins. Source: [Economic Times](https://economictimes.indiatimes.com/news/economy/finance/gst-on-online-gaming-resulted-in-412-more-revenue-in-six-months-netted-6909-crore-says-finance-minister-sitharaman/articleshow/113198707.cms)

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Nihilist

Accenture

11 days ago

nice to see our government going along with the gambling = gaming veil as well
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GlassSkin63

Stealth

10 days ago

For a quick moment read it as gaming nuts 412% 😂
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