{"id":821646,"date":"2024-06-13T09:26:33","date_gmt":"2024-06-13T03:56:33","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=821646"},"modified":"2024-06-13T09:44:02","modified_gmt":"2024-06-13T04:14:02","slug":"3-5-bn-domestic-online-gaming-industry-seeks-gst-adjustment-to-help-thrive","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/06\/13\/3-5-bn-domestic-online-gaming-industry-seeks-gst-adjustment-to-help-thrive\/","title":{"rendered":"$3.5 bn domestic online gaming industry seeks GST adjustment to help thrive"},"content":{"rendered":"<p>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&#8217; (CEA) in order to save the domestic industry. <\/p>\n<p>The Skill Online Games Institute (SOGI) argues that this high tax rate is stifling domestic companies and hindering the industry&#8217;s potential for significant growth. <\/p>\n<p>&#8220;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,&#8221; SOGI Founder President Amrit Kiran Singh said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217; (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&#8217;s potential for significant growth. &#8220;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,&#8221; SOGI Founder President Amrit Kiran Singh said.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,34,4],"tags":[],"class_list":["post-821646","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/821646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=821646"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/821646\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=821646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=821646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=821646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}