Indian Startup Community Fumes Over 28% GST Levy on Online Gaming

  • Ashneer Grover criticizes new 28% GST tax on online gaming, arguing it will kill the real money gaming industry in India.
  • Finance Minister Nirmala Sitharaman defended decision, stating taxation is based on the value each game generates, not whether it’s skill-based or chance-based.
  • Industry stakeholders express concern over diminished ability to invest in new technology and reach broader markets due to new taxation, while Grover predicts $10bn loss for the fantasy gaming industry.
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