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..
KanyeEast
Are Indian fantasy gaming and betting apps going to die?
There’s no way they can foot the retrospective GST tax dues to the. Government. What next for them ? Dream 11 is Ambani safe haven - will it somehow get saved. ?
13mo ago
ProfessionalCurser
Stealth13mo
All of them are fcked
KanyeEast
Flipkart13mo
Would they survive if they moved under Mauritius ?
ProfessionalCurser
Stealth13mo
I’m sure if moving overseas was an answer they would’ve surely scrambled to it by now. I mean the GST council has been fairly firm on their decision since it was announced and I being one of the folks directly affected by this (my offer was withdrawn by Hike) I know they have known this since August. They are fucked for sure.
JadeArgent
Honestly, at this moment seems like @ProfessionalCurser is right unless they can majorly reduce costs of operations
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