Technology

âš¡Taxing GST at 28% on Deposits Will Wipe Out 80% of Online Gaming Industry in India

By IANS

As the 51st GST Council meeting stayed firm on taxing online gaming at 28 per cent on gross value collected, industry players on Thursday once again criticised the decision, saying that taxing GST on deposits rather than the technology platform commission charged by the companies will make the unit economics unviable, wiping out 80 per cent of the industry.

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