Why Indian online gaming industry needs a GST guideline

The online gaming industry in India was worth $543 million in 2016 and has grown to $1.027 billion in 2020 at a CAGR of 17.3%. The industry is further estimated to reach US$2 billion by 2023 in terms of rake fee earned, according to the latest report by EY in collaboration with the All India Gaming Federation (AIGF). Titled, ‘Online Gaming in India – The GST conundrum,’ the report highlights the p…