The Indian online gaming industry is advocating for a review of the 28% Goods and Services Tax (GST) levied on Gross Gaming Revenue (GGR), citing concerns about its impact on sector growth and investment.
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The Indian online gaming industry continues to push for a re-evaluation of the 28% Goods and Services Tax (GST) applied to Gross Gaming Revenue (GGR).
The primary concern voiced by the industry revolves around the potential deterrent effect of the current 28% GST on GGR. Stakeholders believe this tax structure could hinder the overall expansion and development of the online gaming sector in India.
There are also expressed worries that the existing tax rate might negatively influence investment flows into the Indian online gaming market. Attracting and retaining investor confidence is seen as crucial for the industry's long-term sustainability and innovation.
The debate surrounding the GST rate on online gaming in India highlights an ongoing effort by the industry to engage with policymakers. The sector aims to ensure a tax framework that supports its unique operational models while contributing to the national economy.
Source: Livemint — read the full original report.
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