What government policy says?
with effective from 1st Oct 2023, goverment has imposed a GST on the deposit amount.
Every amount deposited by the used in any gaming app will attract a gst amount of 28%
Every user will have to bare the GST amount of 28%
How gst is calculated?
suppose the user deposits the amount of Rs 100/-
GST amount = (deposit amount) * 28/128 = Rs 21.88
Net amount to wallet available for user to play = amount deposited - GST amount = 78.12