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Topic: GST

Professor Isaac Joel Raj S, Head, Department of Animation and Gaming, KLH Global Business School, Hyderabad, says the influence of 28% GST on job possibilities for online gaming courses graduates may vary depending on the circumstances and policies Gaming 

Impact of 28% GST on Online Gaming on Job Prospects – A Hyderabad College Professor’s Insight

Nitin Misra,

Could the dispute regarding the 28% goods and services tax (GST) on online gaming impact employment opportunities within the industry? At a time when the industry is unhappy with the move, ReturnByte spoke to colleges that teach students online gaming with a focus on art and design, programming, animation, augmented reality (AR) and virtual reality (VR) about how they see the decision. Professor Isaac Joel Raj S, Head, Department of Animation and Games, KLH Global Business School, Hyderabad, said that the impact on employment opportunities for graduates of an online…

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Passing the costs to gamers is the most likely scenario at the moment, as companies will need to cover the higher taxes somehow. But, again, this could lead to a decrease in the number of gamers and a decrease in revenue for companies Gaming 

Online Gaming Companies Consider Moving to Court Over Government’s 28% GST Levy

Adarsh V.K,

Industry leaders are expressing concerns about the potential consequences of this move, emphasizing the likelihood of higher expenses for gamers, decreased investment, a rise in illegal gambling activities, job losses, diminished innovation, increased piracy, and harm to the industry’s reputation. When GST is passed on to gamers in the form of higher prices for games and in-game products, it makes gaming cheaper and may lead some people to pirate games instead of paying. As such a decision can make legal online gambling more expensive, people may also switch to illegal…

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Online gaming players have repeatedly urged the government and the GST Council to levy 18% GST on their segment instead of 28% that was recommended by the Group of Ministers (GoM) Gaming 

Industry Dismayed by GST Council’s Decision to Impose 28% Tax on Online Gaming

Adriana Marais, , ,

The 50th meeting of the Goods and Services Tax (GST) Council has decided to impose a 28% GST on the entire face value of online gaming. However, the gaming community, who had been anticipating this decision, views it as a disadvantage. Finance Minister Nirmala Sitharaman stated at a press conference that online gaming, horse racing and casinos will be taxed at 28 percent. There will be some changes in the GST Act to include online gaming, he added. However, Roland Landers, CEO of The All India Gaming Federation, stated that…

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