28% GST an opportunity for gaming companies to compete: Gamezop co-founder

The introduction of a 28 per cent goods and services tax (GST) on the online gaming industry provides the companies with an opportunity to compete with each other, Gaurav Agarwal, co-founder of gaming platform Gamezop said on Wednesday. Those who are able to adapt to change faster will gain the most, he added.

Speaking to Business Standard on the sidelines of the India Gaming Conclave 2023, Agarwal said, “The government has shown support to the content and gaming industry in the past. If they have arrived at a decision, we may not have much of a choice but to respect the decision.”