Looming Risk Of Retrospective Taxes Casting Shadow Of Uncertainty Over Online Gaming Industry

While the online gaming is trying to align with the recent GST hike, the flurry of retrospective tax demands poses an existential threat for the industry. This also poses a huge risk of proliferation of offshore platforms and the consequent user harm. The government must work to find a solution that can balance industry growth and user safety while also maximizing the Government’s gains from this burgeoning industry.

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This information is provided for general informational purposes only and should not be relied upon as legal advice.