Tag: 28% gst services

The silver lining of 28 percent GST on gaming: crackdown on offshore betting firms

The Telangana Gaming (Amendment) Act, 2017, has actively taken measures to prohibit online gaming including games entailing a serious impact on the financial status and well-being of the people with provisions for punishment, including imprisonment and fines. Additionally, the Government of Telangana has signed a MOU with tech firms, such as Google, to enhance digital literacy and protect citizens from online risks.

The government has mandated these entities to officially register within the country, ensuring transparency and adherence to the higher GST levy.