Business Standard

Blanket 28% GST could hit online gaming badly in India, says industry

The country's gaming industry is currently estimated at $1.5 billion

GST
Premium

The industry saw exponential growth during the pandemic.

Sourabh Lele New Delhi
Online gaming players in India fear that the industry may be badly hit if the Centre proposes a blanket goods and services tax (GST) of 28 per cent on it. According to Roland Landers, chief executive officer (CEO) of the All India Gaming Federation, this move could hamper the booming industry’s upward trajectory and lead to closure of businesses in the sector.

Landers added that the Indian online gaming industry needs a GST regime that can protect and promote the segment, which houses over 900 start-ups.

“Further, it is widely accepted that when a legitimate industry is taxed at unsustainable

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 28 2022 | 9:19 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com