GST is an indirect tax that must be charged to the end user for the supply of goods or services by the supplier.

According to GST law effective from October 1st, 2023, a GST rate of 28% applies to any amount deposited by users on any gaming platform. Consequently, WPL is required to charge a 28% GST on amounts deposited by users through normal banking channels.

As per GST law effective from October 1st, 2023, a 28% GST is applicable on any amount deposited by users on any gaming platform. Therefore, WPL will directly remit the GST amount to the government for deposits made by users on our platform through normal banking channels.

According to GST law effective from October 1st, 2023, a 28% GST must be charged to users at the time of deposit on any gaming platform. Consequently, WPL will apply a 28% GST on amounts deposited by users through normal banking channels.

For instance, if a player deposits ₹200 on an online gaming platform, they will receive only ₹156.25 in their account after a 28% GST deduction of ₹43.75. Additionally, a cashback of ₹43.75 will be instantly credited to their deposit wallet, which can be freely used on the platform.

During the deposit (Add Cash) process, the platform will automatically calculate the GST amount. This amount will be remitted to the government. As proof, a GST invoice will be generated and provided to all players. This invoice will be visible and can be downloaded from the Add Cash success screen and the Wallet section.

The government is charging GST at a rate of 28% on every deposit (Add Cash). MPL plays no role in determining the taxes applied by the government. WPL is merely collecting this tax on behalf of the government and remitting it back to the government.

The new GST rate of 28% will be effective from 1st October 2023 in India.

No, the new GST law is applicable from 1st October 2023 onwards.

No, you do not have to pay TDS again on the amount that remains in your wallet after the TDS deduction. The TDS is applied once on the net winnings in your wallet at the end of the financial year. The remaining balance in your wallet, including both usable and withdrawable amounts, will be considered your opening balance for the next financial year.

The amount deducted as TDS on March 31st will be added to your TDS certificate.

From April 1st, 2023, the Income Tax Department has introduced a new TDS section for winnings from online games, i.e., 194BA. The net winnings are calculated when a user places a withdrawal request or at the year-end on the closing balance. TDS is then calculated as 30% of the net winnings that make up the withdrawal amount or the closing balance at the year-end.

Important points:

1. The TDS will be deducted at the time of withdrawal.
2. The TDS will be applicable only on net winnings that constitute withdrawals and not on deposits.
3. Your deposit and withdrawal ledger will be reset to zero at 00:00 hours on the 1st of April in each financial year.
4. Net winnings are calculated as:
   $$\text{Net winnings}=\text{Total withdrawals in FY}-(\text{Total deposits in FY}+\text{Net winnings which have suffered TDS during the FY}+\text{Opening balances})$$

From April 1st, 2023, the Income Tax Department has introduced a new TDS section for winnings from online games, i.e., 194BA. The net winnings are calculated when a user places a withdrawal request or at the year-end on the closing balance. TDS is then calculated at 30% on the net winnings that constitute the withdrawal amount or the closing balance at the year-end.

Important points:

1. The TDS will be deducted at the time of withdrawal.
2. The TDS will be applicable only on net winnings that constitute withdrawals and not on deposits.
3. Your deposit and withdrawal ledger will be reset to zero at 00:00 hours on the 1st of April in each financial year.
4. Net winnings are calculated as:
   $$\text{Net winnings}=\text{Total withdrawals in FY}-(\text{Total deposits in FY}+\text{Net winnings which have suffered TDS during the FY}+\text{Opening balances})$$

All winnings from the leaderboard will be added to the winnings wallet without deducting TDS. TDS will be deducted once you initiate a withdrawal based on your net winnings.

WPL deducts TDS and deposits it with the government. If you have provided WPL with your correct PAN number, you can view your TDS deduction details in your 26AS (updated after every quarter). Certificates are also available in the Download section (path to be provided in the app for Form 16 download).

Yes, all deposits and withdrawals will be reset to zero at 00:00 hours on March 31st for the purpose of computing net winnings.