Gaming Startups post GST rule
Hey viners Not heard a lot about gaming startups after the first 2-3 weeks of that new GST rule. How are the gaming startups like Dream11, Games24, Junglee, Zupee doing? Has there been in shift in revenue model?
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Indian Startups on
by UtterBlade55
InMobi
Nazara, Winzo, and others write to govt to protest 28% GST on ‘online skill gaming’
Looks like the gaming federation is trying really hard to lobby government and get the decision reversed. Any thoughts?
Earlier this week, the 50th GST Council meeting decided that a 28% GST will be levied on the full face value of online gaming.
https://entrackr.com/2023/07/nazara-winzo-and-others-write-to-govt-to-protest-28-gst-on-online-skill-gaming/
News Discussion on
by Thomas_Shelby
Swiggy
40,000Cr GST notice to Dream11
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!
Central Board of Indirect Taxes and Customs is likely to send show cause notices to over 40 skill-gaming companies for alleged tax evasion a...
https://www.moneycontrol.com/news/business/dream11-parent-approaches-bombay-high-court-challenging-gst-evasion-notice-11426751.html