Higher Goods and Services Tax Can Adversely Impact Smaller Online Gaming Players
Since the government of India has given sun-rising industry status to the gaming industry, it wants to create a revenue stream for itself as well. There is no harm in getting goods and services tax from the gaming industry. It will only legitimatize the gaming world and also protect the individual units. The established players like skyexchange agent login would attract more consumers and create a niche for themselves in the highly competitive industry. There was a proposal by the Goods and services tax council to levy higher taxes on online gaming companies. The proposal was to have a higher bracket of 28 per cent in the gaming industry. The gaming industry is now worried that if this proposal goes through without any change, it can adversely impact online gaming companies. The majority of startups and newly established online gaming companies are small. They have smaller consumer bases. Though revenue has increased in recent years, the expenditure and cost of talent retention h...