India’s online gaming start-ups that offer fantasy and real-money games have written to the government urging it to reconsider the recent decision to impose a 28 per cent Goods and Service Tax (GST) on the full face value of pool deposit. They said that the decision has left the industry in “significant distress” and could have “devastating implications” for the companies, including a shut down of businesses.
Taxing online gaming to the point of “unviability,” contradicts the Prime Minister’s vision to be a leader in the online gaming space, the letter, which was signed by Mobile Premier League, Winzo, and industry associations representing companies like Dream11, among others said.