Question

What Goods and Services Tax (GST) rate was amended by the GST Council in August 2023 for all online games involving bets, irrespective of skill or chance?

A 5% Correct Answer Incorrect Answer
B 8% Correct Answer Incorrect Answer
C 15% Correct Answer Incorrect Answer
D 18% Correct Answer Incorrect Answer
E 28% Correct Answer Incorrect Answer

Solution

The GST Council, in August 2023, amended the law to clarify that all online games involving bets, irrespective of skill or chance, will attract a GST rate of 28% on the full value of the bets placed, and not on the gross gaming revenue. 

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