Ashneer Grover takes on Govt for GST on Online gaming

Ashneer Grover, co-founder of BharatPe, criticized the government on Tuesday for putting a 28% GST on the online gaming industry. 

According to Ashneer Grover, the action is going to destroy the fantasy game industry, and it is time for entrepreneurs to enter politics, or the government will do the same to every industry.

Ashneer Grover has established Crickpe, a fantasy gaming platform that allows users to assemble a virtual team of the best in-form real players, compete in events, and receive points based on their actual game performance.

Here’s the Tweet by Ashneer Grover:

“GST Council has decided that online gaming, casinos, and horse racing will be taxed at 28 per cent at the entry point on the full face value of bets,” West Bengal finance minister Chandrima Bhattacharya said in a statement confirming the GST council’s decision.

The GST council’s decision will significantly impact the fantasy gaming business, which is expected to bring in more than 25,000 in revenue by 2027.

“The industry’s growth can be attributed to a combination of infrastructure and market-driven factors.” Improving digital infrastructure, long recognized as a driver of India’s economy, is expected to have a greater impact each year. 

This has also increased digital payments,” according to a joint analysis by Deloitte and the Federation of Indian Fantasy Sports (FIFS).

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