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Grim outlook for real-money gaming
Mint Mumbai
|December 29, 2023
After a disruptive 2023, many real money gaming operators are paring down estimates for 2024 as they prepare for a bleak future. Home to around 400 startups, the sector faces challenges in planning for near term growth due to the double disruptions caused by a new tax regime.
While new goods and services tax (GST) guidelines have resulted in users paying considerably more on their earnings than in pre-covid times, huge retrospective tax liability awaits the businesses.
The GST Council has demanded ₹1.12 trillion tax payments retrospectively. However, as the notices await adjudication, the final figure has not yet been determined under the provisions of Central GST Act.
このストーリーは、Mint Mumbai の December 29, 2023 版からのものです。
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