India GST Council raises tax on gambling services to 40% from 22 September
India’s GST Council approved a rise in the tax rate on online real-money gaming, casinos, lotteries, race clubs and betting from 28% to 40%, effective 22 September. The Council finalised the change at its 56th meeting in New Delhi; the revised rate allows input tax credit. The increase follows the passage of a law prohibiting real-money online games, which industry groups have challenged in court.
The higher rate adds a tax change for gambling businesses already affected by the nationwide prohibition on real-money online games.