Layoffs and shutdowns as GST chars real-money gaming companies

The move to impose 28% goods and services tax on online gaming at full face value has started shaking up the real money gaming sector even before its implementation, with layoffs, shutdowns and funding troubles. Consider this: Bengaluru-based unicorn Mobile Premier League (MPL) has laid off 350 employees, citing the additional tax burden. Kavin Bharti Mittal’s Rush Gaming Universe a…