On July 11, the GST Council decided to impose 28 percent tax for online gaming. On August 2, Finance Minister Nirmala Sitharaman clarified that the 28 percent tax will take place from October 1.
Tag: Online Gaming
Gaming influencers – How would 28 percent GST affect marketing spends on influencers?
Starting October 1, a 28 percent GST will be imposed on the face value of both games of skill and games of chance. Storyboard18 connected with an influencer and industry experts to understand the impact of the levy on brands’ marketing spends on influencers and therefore, the influencer economy.
Esports celebrities are going to be superstars of the future: KRAFTON’s Srinjoy Das
KRAFTON is addressing BGMI as a cultural session for the first time, says Srinjoy Das, Associate Director, Marketing, KRAFTON India.
GST Council’s meeting today: What’s at stake for online gaming industry
The gaming industry is hopeful that the government will consider their concerns and arrive at a fair and sustainable decision for the valuation of GST on online gaming platforms.
MIB will now oversee online gaming services and advertisements
The central government brings content providers, including online gaming services and advertisements, under Ministry of Information and Broadcasting.
GST of 28% on online gaming would put survival of sector in doubt
Stakeholders in the online gaming ventures fear that 28% GST on revenue can make businesses unsustainable and drive away users from legitimate platforms.