The GST Council is unlikely to review 28% tax on real money games. #GST #GSTCouncil #onlinegaming #tax #regulation

This is despite opposition from the online gaming industry, who argue that the high tax rate will stifle the growth of the industry.

Do you think the tax rate is too high? Will it stifle the growth of the online gaming industry? Let us know your thoughts on the GST Council's decision to tax real money games at 28%. In a recent meeting of the GST Council, it was decided to tax real money games at 28%.

This decision was met with opposition from the online gaming industry, who argued that the high tax rate would stifle the growth of the industry.

The Minister of State for Electronics and IT, Rajeev Chandrasekhar, had said that his ministry would request the GST Council to reconsider the tax rate on online gaming. However, it seems unlikely that the GST Council will review the decision.

There are a number of reasons why the GST Council may be reluctant to review the tax rate on online gaming. First, the decision to tax real money games @ 28% was unanimous. This suggests that there is no consensus among the GST Council members on the need to review the decision

Second, some states have expressed concerns about the negative impact of online gaming on youth and society. These states may be reluctant to agree to a review of the tax rate, as they believe that a lower tax rate would encourage more people to play online games.

Finally, the GST Council may be concerned about the precedent that a review of the tax rate on online gaming would set.

If the GST Council were to review this decision, it could open the door to reviews of other tax rates. This could lead to a situation where the GST Council is constantly reviewing tax rates, which could make it difficult to administer the GST system.

In conclusion, it seems unlikely that the GST Council will review the decision to tax real money games at 28%.

There are a number of reasons for this, including the fact that the decision was unanimous, some states have expressed concerns about the negative impact of online gaming, and the GST Council may be concerned about setting a precedent.