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Around 130 online gaming companies and industry associations, including Mobile Premier League (MPL), Nazara Technologies, Gameskraft Technologies and Winzo Games, have jointly appealed for reconsideration of the GST Councils recommendation to impose 28% tax on the full face value of online gaming.
28% GST will be imposed on online gaming, horse racing, and casinos turnover. The tax would be levied on the entire value.
The ministry of electronics and information technology (MeitY) has received at least three proposals for the formation of self-regulatory organisations (SRO) for online gaming. The deadline for the submission of proposals was July 6.
Industry associations such as E-Gaming Federation, All India Gaming Federation and Federation of Indian Fantasy Sports contend that while certain online games are permissible under central rules, the states may still go ahead and ban them.
Experts believe that guided by agents, celebrities often don't use discretion while promoting products