28% GST on online gaming. Tough times for dream11, mpl etc
Online gaming startups are among those rare breeds which were profitable . With this move, even they will be forced to do layoffs..
40,000Cr to Dream11 20000Cr to GamesKraft 16,000Cr to Deltacorp
This will be a major blow to the online betting industry. All the top companies have taken a major hit. Will be interesting to see how they recover from it. Deltacorp shares already down 18% today!
All betting cos should come together and give an ultimatum to govt that they will move their businesses to Dubai or Singapore. Should be good enough to get media coverage.
Bhai tax toh uske baad bhi Dena padega ....sarkar badlegi tab hi kuch hoga , chodna sarkar hai bhai ye
It’ll be lesser tax, still fine
This is honestly clownlike from the govt
Online gaming startups are among those rare breeds which were profitable . With this move, even they will be forced to do layoffs..