The Supreme Court just ruled all money staked in "games of skill" is taxable as gambling. This ends the industry's long-held distinction between skill and chance, specifically for GST liability. Online fantasy sports and rummy platforms face significantly higher tax burdens going forward.
The GST Council in July 2023 set a 28% GST on the full value of bets for online gaming, casinos, and horse racing. This SC judgment upholds that valuation mechanism, rejecting challenges from Unglee Games and All India Gaming Federation.
Gaming platforms must now fully implement the 28% GST on deposits, a change expected to hit Q3 and Q4 revenues hard. Expect immediate appeals and potentially new legislative lobbying efforts within the next six months.
🇮🇳 Why This Matters for India
For Bangalore and Hyderabad-based gaming startups, this tax structure fundamentally alters unit economics and investor appetite in the sector.
The Take
This ruling reclassifies skill-based gaming as gambling for tax purposes, forcing companies to fundamentally alter business models or exit India. Offline casinos are the clear winners; their online competition just took a major hit.
Source:  MediaNama ↗