Online gaming start-ups are coming to terms with the new reality of a tough landscape as government pushes ahead with its plans of 28 per cent GST. With uncertainty over the sector’s future rising, will the once thriving industry survive the storm?
Questions arise why countries like Singapore, Mauritius and the United Arab Emirates, which account for a majority of inbound foreign direct investment, are missing from CBDT’s notification
Industry stakeholders have recommended that the taxability of the game of skills and the game of luck be considered separately, and game of skill be kept outside the 28 per cent tax ambit
The proposed changes in angel tax policies could result in global investors pressuring start-up founders to move their company headquarters overseas, which is unlikely to benefit any stakeholder in the contemporary ecosystem
