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GST on Gaming: Video game industry less affected financially by 28% GST regulation, says Anuj Tandon of JetSynthesys

Anuj Tandon, CEO Gaming, JetSynthesys says, "Sachin Saga Pro Cricket is undoubtedly for Sachin Tendulkar’s fans who have admired his game and desire to at least replicate playing like him virtually. They can get an in-depth understanding of his entire cricketing career thanks to it. It also appeals to younger mobile gamers who are interested in multiplayer and live event gaming, as well as cricket fanatics who like playing cricket simulation games on their mobile devices. With its excellent graphics and user interface, this game offers plenty to draw in everyone."

Anuj Tandon, CEO, Gaming at JetSynthesys talks about their new Sachin Saga game, marketing and monetizing mobile games in India and how GST doesn’t impact video games.

Obliterate gaming from the face of India as it goes against our social values: Gamer writes open letter to protest 28% GST

The OneBlade Cup will feature teams of four players engaging in qualifiers to make it to the top 16. (Representative Image: Onur Binay via Unsplash)

Gamer Deep Patel writes an open letter to the revenue secretary on behalf of the gaming community.

GST’s painful impact on gaming industry’s top earner: How real money gaming will suffer

The detection of GST evasion by the DGGI has been steadily increasing since the implementation of GST in 2017.

There are 507 million Indian gamers of which 120 million are paying users and RMG revenues currently constitute 57% of market size.

Explained: Here is why your video games would not become more costly

The number of employees in the 'Online Gaming' industry has grown at a CAGR of 97.5% from 2018 to 2023 in India.

Video games that do not involve any betting or gambling element in them are not subject to the 28% GST slab. This means that gamers can continue to enjoy video games without having to worry about paying extra taxes.

“Will request GST council to reconsider tax on online gaming,” Rajeev Chandrasekhar at CNN-News18 Town Hall

This was followed by similar questions on former American president Donald Trump and President of Ukraine Volodymyr Zelenskyy.

The GST Council on July 11 decided to impose a 28% tax on the turnover of online gaming companies, horse racing and casinos.

Explained: Into real money games? This is how 28 percent GST will impact you

According to Dua, while initial concerns remain regarding the regulations, cautious optimism is emerging. Data is being analyzed by officials to understand the impact on businesses and consumers. This, along with the Finance Minister's commitment to review, fuels hope for a potential revision that fosters continued industry growth.(Representative image via Unsplash)

The 28 percent GST will have a significant impact on paying users, who make up a large portion of the real money gaming industry in India.

Gameskraft, Nazara, MPL, AIGF and others request govt to reconsider 28% GST on real-money gaming

The detection of GST evasion by the DGGI has been steadily increasing since the implementation of GST in 2017.

The GST Council’s decision will “reverse the growth trajectory” of the industry and would potentially have “devastating implications” for MSMEs and startups, founders and industry associations say.

Taxing online gaming to the point of unviability, ‘contradicts Digital India vision’: 130 gaming entrepreneurs in open letter to govt

The number of employees in the 'Online Gaming' industry has grown at a CAGR of 97.5% from 2018 to 2023 in India.

Close to 130 entrepreneurs in the gaming space have joined forces to address the recent 28% GST announcement made by Finance Minister Nirmala Sitharaman.

Tax revenue from online gaming can be approx Rs 10,000 cr, says revenue secretary

Revenue Secretary Sanjay Malhotra. (Image sourced from Twitter - @CNBC-TV18)

According to Revenue Secretary Sanjay Malhotra, if the Supreme Court rules in favour of GST policy on online gaming, revenue of Rs 1700 crore could easily be 5-10x more.

RIP – Real money gaming industry in India: Ashneer Grover

Grover who recently launched his own fantasy gaming app Crickpe put out a tweet that said, ‘It was good fun being part of the fantasy gaming industry - which stands murdered now’ (Image source: News18)

The 50th GST Council meeting on Tuesday agreed to tax online gaming at the rate of 28 percent on full face value amount at par with horse racing and casino