Can you explain the updated GST regulation for online gaming platforms?

Can you explain the updated GST regulation for online gaming platforms?

The government has introduced a new regulation that imposes a 28% Goods and Services Tax (GST) on funds added to online gaming platforms starting October 1, 2023.

Let's say you want ₹100 credited to your Rummy Passion account. Here's the breakdown:

Deposit Amount (Credited to your Deposit Balance): ₹100

GST (28%): ₹28 (Calculated on ₹100)

Total Payable Amount: ₹128 (₹100 + ₹28)

Transaction Details

Amount

Deposit Amount (Credited to your Deposit Balance):

₹100

GST (28%)

₹28

Total Payable Amount

₹128