Key Points
India's decision to impose a 28% tax on funds that online gaming companies collect from their customers, will not need further consultation and an early review is unlikely, the country's revenue secretary told local television channels on Wednesday...
The government's decision, announced late on Tuesday, created an uproar in the $1.5 billion industry, with shares of casino operator Delta Corp and other online gaming firms plunging in Wednesday trade...
Revenue Secretary Sanjay Malhotra told local television channels that there was no need to consult the gaming industry and amendments to enable the tax will be brought in the monsoon session of Parliament..
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