Gaming Industry Faces 28% GST Blow from FM Sitharaman: Implementation Begins Oct 1.
<p><strong>I</strong>n a significant development, India’s Finance Minister, Nirmala Sitharaman, recently announced a 28% Goods and Services Tax (GST) on online gaming services. The decision, aimed at regulating the booming online gaming industry, is set to come into effect from October 1. The move has elicited mixed reactions from stakeholders, with some welcoming the government’s efforts to generate revenue and ensure fair play, while others express concerns about its impact on the gaming ecosystem and user experience. In this article, we explore the rationale behind the GST imposition, its potential implications, and the need for periodic review to address industry dynamics.</p>
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