$3.5 bn domestic online gaming industry seeks GST adjustment to help thrive

The Indian online gaming industry, valued at over $3.5 billion on Monday urged the government to reconsider levying 28 per cent GST on Contest Entry Amount’ (CEA) in order to save the domestic industry.

The Skill Online Games Institute (SOGI) argues that this high tax rate is stifling domestic companies and hindering the industry’s potential for significant growth.

“The shift from 18 per cent on gross gaming revenue to CEA in October last is not just a financial burden on legitimate domestic platforms but also unintentionally bolstered illegal offshore betting and gambling activities,” SOGI Founder President Amrit Kiran Singh said.