What are the effects of newly proposed 28% GST Rate on Fantasy Sports & How it Could Prove To Be A Disaster for Indian Esports

The Indian fantasy sports sector has received ground-shattering news. The news says, the tax on  fantasy sports  games would be ramped up by 10 %, which means, the GST rate would reach a huge figure of 28%. The decision has been taken by a group of state finance ministers (GoM). According to the GoM, considering the entry fee paid by the players and the hefty rewards that they receive, i…