Real money gaming firms risk huge revenue loss by FY28 on GST levy: Report – Live Mint

The RMG subsegment, a major contributor to the online gaming sector, accouted for 83% of the market share in FY23, with over 400 startups. But despite its dominance, the segment s revenue share is expected to dip to 75.4% by FY28, due to recent GST amendments. Industry estimates this subsegment to generate 6,5006,800 crore in direct taxes and 75,00076,000 crore in indirect taxes (GST) for the exchequer during FY2428.
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