Business Today (Digital)

Business Today (Digital)

1 Issue, 29 October 2023

THE GAMING TAX TANGLE

THE $3-BILLION INDIAN ONLINE GAMING INDUSTRY CAUGHT THE EYE OF THE WORLD. BUT THE 28 PER CENT GST ON REAL-MONEY GAMING HAS BROUGHT ITS DREAM RUN TO A SCREECHING HALT
THE GAMING TAX TANGLE
MUMBAI-BASED AARUSH AHUJA (name changed) felt his world come crashing down when he saw news channels flashing the headline, ‘GST at 28 per cent on online gaming, horse racing, and casinos at full value’. The 34-year-old couldn’t process the development. He switched off the TV and went to his bedroom. The first thing he noticed was his trusted Sony PlayStation 2 that had started his gaming journey. Ahuja had been obsessed with gaming since childhood, so much so that his parents would often worry. But Ahuja didn’t care; he continued to pursue his passion while balancing his studies. When the time came, he joined an engineering college. But his heart was in gaming and he dropped out. Scouting for opportunities to pursue his passion, Ahuja came across the founder of an online…
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Business Today (Digital) - 1 Issue, 29 October 2023

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