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GST: New tax threatens India's booming online gaming industry

2023-07-13 14:15
The industry says it has been blindsided by the government's "catastrophic" tax decision.
GST: New tax threatens India's booming online gaming industry

The Indian government's decision to impose a 28% tax on online gaming poses an "existential threat" to the booming industry and could spell its death knell, say experts.

Shares of Indian online gaming platforms and casinos have crashed following the GST (Goods and Services Tax) Council's decision...