Friday, 24 March, 2023

India plans to impose high GST on online gaming industry

<p>The Indian government&#39;s proposal to tax online gaming at the highest rate under the goods and services tax (GST) has the sector concerned about its prospects for future expansion. It could, according to executives and industry experts, slow down the expansion of online gaming companies and force fantasy sports companies to provide smaller prize pools, which could cause their loyal customers to quit the platforms in pursuit of greater games.</p>