Games 24×7 hopeful that industry will overcome higher GST levy

Games 24×7 co-founder and co-CEO Trivikraman Thampy on Tuesday said that the online gaming industry will overcome the impact of the government’s move to levy 28% GST on full face value or deposits they receive from the participants.

“While it will set the industry back by a couple of years, it is not going to kill it. I think it gives us a space and the opportunity to innovate, to create and to continue to grow sustainably,” Thampy said in an interaction with FE on the sidelines of the Indian Gaming Convention event on Tuesday.