Indian gaming industry seeks GST changes to stay competitive, avoid offshore shifts.

The Indian online gaming industry, with over 500 million gamers, has significant growth potential but faces challenges like punitive 28% GST, which has led to a 1400% tax increase and pushed players to offshore platforms. The Skill Online Games Institute (SOGI) advocates for a 28% GST on platform fees instead of deposits to encourage local businesses and curb illegal offshore operations. They also propose using technology to prevent excessive gaming. This could help reach India's $1 trillion digital economy target by 2026.

3 months ago
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