What does the 28% GST rate really mean for India’s online gaming startups?
Mint Techcetra
English - August 07, 2023 16:06 - 13 minutes - 12.2 MBTech News News internet technology tech podcasts clean science latest news latest updates listens science and technology tech podcast Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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The GST Council has spoken, and the much-debated 28% tax rate has come into effect. In light of this tax, one small startup has already shut shop. The crux — fantasy and real-money gaming startups will need to pay 28% of their revenue as tax, before a 30% TDS for gamers if they withdraw what they win. Under such a high tax slab, can India’s online gaming startups survive? We decode the impact.