Over 50% gaming cos saw revenue stagnate or dip after 28% GST norm: Report

Over half of the online gaming sector enterprises in India saw their revenues fall or stagnate after the Centre last year imposed a 28 per cent goods and services tax (GST) on total deposits on these platforms, a report released on Wednesday said.

The report titled “Impact of new GST law on skill-based online games” was released jointly by EY and US-India Strategic Partnership Forum (USISPF), based on the latter’s survey of 12 such companies.