E-Gaming Federation appreciates the GoM in understanding online skill gaming differently from betting and gambling
Currently, 18% GST is levied on the commission collected by the online skill gaming platforms. The Indian gaming market is expected to grow from its current valuation of $2.2 billion to $7 billion by 2026. The government has set up an inter-ministerial task force (IMTF) and MeITY has held consultations on regulating the industry. It is the sunrise sector with significant potential for overall economic growth, employment opportunities and contribution to the government’s vision of a trillion-dollar digital economy by 2025.