GST Proposal by Unit of Finance Ministry Could Potentially Wipe Out All Gaming Companies in India

New Delhi, May 17 :  As a critical meeting of the Group of Ministers (GoM), formed to discuss GST on online gaming takes place on May 18, a controversial proposal by a unit of the Finance Ministry, could spell the death knell for most gaming companies in India. The Tax Research Unit (TRU) of the Department of Revenue of the Finance Ministry has recommended charging 28-30 per cent of the gross…