GST Raise Upsets Apple Cart For Thriving Online Gaming In India

The Goods and Services Tax up till September of 2023 recognised the distinction between the Games of Skill and that of Chance for online gaming. The move to increase GST on skill-based games from 18 to 28 per cent—bringing it at par with the entertainment sector—has left the gaming industry on the brink of collapse. Such is the effect that some of the established companies in this sect…