Industry players are also saying that by proposing to bring online gaming in the 28 per cent tax slab, the government is equating online games in the same category as horse racing and gambling.
The Indian gaming industry is in a fix after an empowered group of ministers (GoM) unanimously proposed a flat 28 per cent goods and services tax (GST) on gaming activities.
Indian gaming companies and the industry body representing the industry had made representations for the continuation of an 18 per cent taxation, saying that this brings the Indian gaming industry at par with global players.
Roland Landers, CEO of All India Gaming Federation, believes that to push and encourage the online gaming industry to its peak growth potential, it is imperative that the GST regime for Online gaming Industry is kept rational and progressive.
First Published: May 19 2022 | 2:09 PM IST