This article was first published by Mint on 31 July 2023.
SUMMARY
The future of India's gaming industry is at stake. The GST Council's proposal to levy 28% tax clashes with MeitY's regulatory support for the online gaming industry so far. Our TMT experts Gowree Gokhale and Ipsita Agarwalla highlight the need for a middle ground where the GST department can leverage the rules introduced by MeitY and provide a more conducive GST regime for online games registered with self-regulatory bodies (SRBs). Read more in this authored article, in today’s edition of Mint.
Please click here for our detailed article.