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    Question

    What is the GST rate on online gaming, horse racing, and

    casinos in India from October 1, 2023?
    A 2.5% Correct Answer Incorrect Answer
    B 5% Correct Answer Incorrect Answer
    C 12% Correct Answer Incorrect Answer
    D 18% Correct Answer Incorrect Answer
    E 28% Correct Answer Incorrect Answer

    Solution

    GST Council passed a crucial decision for the online gaming industry, casinos and the horse racing businesses. Under the new regulations, a uniform 28% tax will be applied on the full value of bets placed in online games, regardless of whether it involves games of skill or chance.

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