The online gaming industry has approached the Central Board of Direct Taxes (CBDT) and the Prime Minister’s Office (PMO) to oppose changes in tax deduction at source (TDS) and Goods and Service Tax (GST) on the sector.
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On 23 February, three online gaming industry bodies E-Gaming Federation (EGF), All India Gaming Federation (AIGF) and Federation of Indian Fantasy Sports (FIFS)— wrote to the CBDT to reconsider the changes in TDS regime which take effect on 1 April. This follows a 9 February letter to the PMO requesting not to club online gaming with gambling, horse racing and casinos. The latter sectors are imposed with the highest tier of GST at 28%, often referred to as ‘sin tax’.
Source: Livemint
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