Anagh Pal12 Jul 2023, 12:33
The online gaming industry woke up expecting a bad day on Dalal Street after the 50th GST Council announced its decision to levy a 28% GST on online gaming, along with horse racing and casinos. As expected, shares of listed players like Nazara Tech and Delta Corp took a major hit with the latter nosediving 20%.The online gaming industry stakeholders have termed the 28% GST on the full value of gaming as "irrational and egregious", saying that the move is a self goal that will kill the skilled online gaming sector in the country.