BIF sounds alarm on 28% GST on online gaming, says many players may be forced to exit

Broadband India Forum (BIF) has criticized the GST Council's decision to impose a 28% tax on online gaming as harsh. It warns that this will have a detrimental impact on India's online skill-based gaming industry, which has the potential to generate significant revenues and has been attracting domestic and foreign investment. BIF also notes the impact on advertising revenues and job creation, and a potential surge in demand for 5G. The organization is urging authorities to reconsider the decision to keep India's gaming industry on its path to becoming a global powerhouse.

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