The online gaming industry is paying tax of only 2 per cent of the estimated turnover at present and by bringing in a uniform Goods and Services Tax (GST) rate of 28 per cent for online gaming, the government could earn ten times more than Rs 1,700 crore collected in the financial year 2022-23(FY23), Revenue Secretary Sanjay Malhotra said on Wednesday.
In an interview with The Indian Express, Malhotra said the potential size of the online gaming industry is around Rs 50,000-85,000 crore.
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