GST on the entire prize pool in online gaming a step too far

Will lead to death of majority new age gaming startups The proposed increase will impact innovation, employment, FDI and growth in the sector, and is unlikely to increase revenue collection for the exchequer The Goods and Services Tax (GST) Council of India is planning to impose the highest taxation slab, also known as “sin tax”, upon the digital gaming sector. A sin tax is a GST specifically…