The Supreme Court Today (Jan 10) paused GST proceedings against 49 online gaming companies over retrospective tax demands totaling Rs 2.3 lakh crore. The gaming industry challenges the 28% GST levied on the full face value of bets, arguing it should be based on Gross Gaming Revenue (GGR). The case raises critical questions about whether games like Rummy are games of skill or chance, with significant implications for the sector’s future. The hearing is scheduled for March 18, 2024.
