- 30 investors, including Peak XV Partners and Tiger Global, asked PM Narendra Modi to review the 28% GST on ‘online skill games’, claiming it could increase the GST burden by 1,100%.
- Investors warn that the move could make gaming business models untenable, damage investor confidence, and potentially result in most gaming startups closing.
- This tax change is expected to severely impact real-money gaming firms like Dream 11 and Mobile Premier League.
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