gaming company – OnlineTaxUpdate

The Centre’s move of levying a higher 28% goods and services tax (GST) on online gaming companies a year ago has taken away 20-25% margins of such firms, pushing them into losses, Head Digital Works founder and CEO Deepak Gullapalli told FE.

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GST Council to hear gaming firms’ plea on past tax demands

byAdmin23/05/202423/05/2024

Online gaming companies received a big blow last year, when the government issued notices to them for over one trillion rupees in GST. While the matter has ended up in the Supreme, the federal indirect taxes body GST Council now plans to consider the impact of the tax demand on the industry’s viability, two people aware of the matter said.

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