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Online gaming firms likely to be left in the lurch at GST Council meet

Livemint

· 20d
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Online gaming companies in India may have to wait longer for relief from retrospective taxes totaling ₹1.12 trillion. The GST Council, the federal indirect tax body, is unlikely to consider the industry's plea during its upcoming meeting on Saturday. Companies with games involving real money have been facing tax evasion notices and a 28% GST rate on deposits made by players. However, the Council will discuss amendments to GST laws, ease of doing business, and may reduce filing appeal fees. The gaming industry in India is facing significant challenges, with many startups shutting down and laying off employees.

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