Amrit Kiran Singh, Founder President, Skill Online Games Institute (SOGI)
“Increased GST on Online Games has created a huge tax arbitrage that is inadvertently giving the 500 million players a huge Indian market to foreign ( primarily Chinese) companies at the expense of Indian companies. Would expect FM to address the anomaly in the budget. First by announcing an in-depth study of the pros and cons of this industry and then determining the appropriate level of taxation. And secondly, in the interim, restoring taxes to pre-October levels to stop the hemorrhage of Indian companies. Addiction and other negatives can adequately be addressed through application of smart tech ( timeouts etc).”
