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Gaming Firms To Approach New Govt After General Elections For GST Reduction

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Gaming Firms To Approach New Govt After General Elections For GST Reduction

The online gaming industry in India is seeking a reduction in the Goods and Services Tax (GST) rate. Currently, a uniform 28% tax is applied to the full value of bets placed in online games, regardless of whether they are games of skill or chance. Industry stakeholders are advocating for a shift in tax computation to the gross gaming revenue (GGR), arguing that the high tax rate is detrimental, especially for startups. Offshore gaming companies operating outside the regulatory framework of India pose a challenge and lead to revenue loss for the government. Prime Minister Narendra Modi recently met with top online gamers and expressed support for bringing the sector under an organized and legal structure.

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