The E-Gaming Federation (EGF), a self-regulatory body for the online gaming industry, is confident that issues around the recent GST changes which increased companies’ tax burden will be resolved soon.
The federation’s CEO, Anuraag Saxena, said he was optimistic about ongoing discussions between the federation and government stakeholders looking to address these concerns. Saxena said in an interview with Mint that the industry was united in presenting a compelling business case to the government, highlighting the sector’s positive social impact.
“As far as the GST issue is concerned, we’re very optimistic that it will resolve itself in the very near future. The government will be looking to find a balance between providing a fillip to the industry and maximising its revenue. The process for the government and the industry to find some kind of a balance is ongoing,” he said on the sidelines of the Indian Gaming Convention organised by the Internet and Mobile Association of India.
He said when new industries evolve, it takes some time for stakeholders to reach a consensus. “There has been a period of flux and we may be at the tail end of that period right now. Within a fairly short amount of time, we will be able to ensure there are regulations that encourage Indian gaming companies and curb or discourage those that may not be subject to our laws,” he added.
Read more at: Livemint
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