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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