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How is the gst on deposit amount calculated for gaming industry?

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