Live Breaking News & Updates on Gross Gaming Revenue|Page 56
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As per the Association, any increase in the GST rates in this sector will be detrimental to the overall wellbeing of the industry, seriously impacting the industry’s contribution to the nation’s economy through revenue generation, livelihood creation and foreign investments ....
It also stated that there is no clarity as to whether the hiked GST rate will apply only on real money games or casual games as well since the former is a sub-segment of online gaming. ....
The Internet and Mobile Association of India (IAMAI) on Monday urged the GST Council to continue maintaining the GST on online gaming at 18 per cent and any further increase will hamper the overall wellbeing of the industry.Discussions are . ....