NEW DELHI : India's Goods and Services Tax Council will meet on Aug. 2 to decide on a 28 per cent tax on funds that online gaming companies and casinos collect from customers, and finalise other rules, a government official said on Wednesday.
The official asked not to be named because he was not authorised to speak to the media. The Finance Ministry and GST Council Secretariat did not immediately respond to a Reuters request for comment. Last week, Tiger Global, Peak XV and Steadview Capital were among 30 foreign and domestic investors that asked Prime Minister Narendra Modi to review the tax, saying the levy would adversely impact $4 billion in prospective investments.
Source: News Formal (newsformal.com)
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