The E-Gaming Federation (EGF), a self-regulatory body for the online gaming industry, is confident that issues around the recent GST changes which increased companies’ tax burden will be resolved soon. Within a fairly short amount of time, we will be able to ensure there are regulations that encourage Indian gaming companies and curb or discourage those that may not be subject to our laws,” he added. “Companies in the skill-based gaming sector are proactively subjecting themselves to Indian norms and rules. While the government has come down hard on the real-money gaming (RMG) sector, an offshore betting industry has been thriving. He added that the sector is looking to be compliant with self-regulatory bodies, which will make the ecosystem safer.

Source: Mint December 08, 2023 21:04 UTC