India government sets 40% GST rate for gambling operations
India’s government introduced a 40% goods and services tax rate for gambling operations as part of a revised tax structure. Industry representatives warned that the increase from 28% could push users towards unregulated platforms and force smaller operators from the market; several real-money gaming companies challenged the existing rate in the Supreme Court last month.
Operators face a higher tax rate that industry representatives say could make businesses less sustainable and drive users to unregulated platforms.