![]() What is a Video Game in India? Clarification Demamded Raising concerns about the 28 percent GST on online gaming, a total of 45 video game companies have written to the Prime Minister’s Office, Ministry of Electronics and Information Technology (MeitY), and Ministry of Information and Broadcasting in a joint letter to address the ambiguity surrounding ‘online gaming,’ drawing a clear distinction between video games and real money gaming/ fantasy sports.Īlso Read: FAU-G Domination With New Characters, Guns, and Game Modes Annoucned by nCore Games and dot9games Since the announcement, industry stakeholders, including investors, gaming firms, and others, have raised their concerns about the ‘online gaming’ tax’s impact on businesses, industry employment, and foreign investments. According to the new policy, the tax would be paid on the entire face value of transactions, which included the amount wagered or deposited for the game. ![]() ![]() The Goods and Service Tax Council imposed a 28 percent tax on online gaming, casinos, and horse racing. Earlier this month, Finance Minister Nirmala Sitharama introduced a new taxation policy in India.
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