GoM’s proposal of 28% GST: Black market will thrive, FDI will be hit, says gaming industry

A higher tax slab for online gaming will not only lead to proliferation of a parallel black market but also act as a major barrier when it comes to attracting foreign direct investment (FDI), say industry experts. The reaction comes days after an empowered group of ministers (GoM) — set up to look into taxation of online gaming, casinos and races — unanimously proposed a flat 28% goods and service…