{"id":882858,"date":"2024-12-02T07:46:01","date_gmt":"2024-12-02T02:16:01","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=882858"},"modified":"2024-12-02T07:58:42","modified_gmt":"2024-12-02T02:28:42","slug":"high-gst-on-gaming-wiped-out-margins","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/12\/02\/high-gst-on-gaming-wiped-out-margins\/","title":{"rendered":"High GST on gaming wiped out margins"},"content":{"rendered":"<p>A year after the government notified a higher 28% goods and services tax (GST) for online gaming companies, Head Digital Works founder and CEO Deepak Gullapalli said the move took away 20-25% margins, pushing the company into losses. <\/p>\n<p>Before October last year, online gaming firms were paying 18% GST on the platform fee, which is the commission they charge from the participants entering a game. The GST Council revised the rate on online gaming to 28% on full face value or deposits made by the participants to play games, effective October 1, 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A year after the government notified a higher 28% goods and services tax (GST) for online gaming companies, Head Digital Works founder and CEO Deepak Gullapalli said the move took away 20-25% margins, pushing the company into losses. Before October last year, online gaming firms were paying 18% GST on the platform fee, which is the commission they charge from the participants entering a game. The GST Council revised the rate on online gaming to 28% on full face value or deposits made by the participants to play games, effective October 1, 2023.<\/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":[63,4,12],"tags":[],"class_list":["post-882858","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/882858","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=882858"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/882858\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=882858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=882858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=882858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}