Global investors of gaming companies mail FM for status quo on GST

Over a dozen global venture capital investors in Indian gaming startups have urged the government to retain the current Goods and Services Tax (GST) of 18% levied on gross gaming revenue (GGR) instead of on total deposits.

This comes amid widespread concerns that the GST Council – its apex decision making body – is considering tax on the latter.

Over the past few years, there has been an ongoing debate on whether taxes should be applicable on the total transaction value or the net commissions (revenues) or what is called GGR that accrue to these gaming firms.