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Offshore egaming apps try no-GST ploy to woo users; Binny Bansal's Curefoods push

Offshore entities of Indian real money gaming apps are trying to lure customers with social media ads, promising their bets wont be taxed under the 28% slab of the Goods and Services tax (GST). This and more in todays ETtech Morning Dispatch. ....

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E-gaming cos offer cashbacks to ride out GST storm; consolidation looms large as smaller players lose out

As online gaming companies are devising ingenious ways to compensate their customers for GST deductions on their deposits, industry executives say the move will force smaller firms to shut down and increase barriers for new entrants in the sector. ....

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E-gaming cos look to absorb GST through cashbacks, bonuses

Fearing that passing on the GST deduction on deposits to their wallets could result in a loss of customers, many online gaming companies have decided to foot the bill for “as long as possible”, a senior gaming company executive told The Indian Express.
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New India CEO to cut Byju's down to size; eGaming cos term GST demand "retrospective"

Byjus new India CEO is setting about cleaning house with no stone unturned. Within a week of taking over, Arjun Mohan is planning to merge verticals and prune staff strength by a third – thats over a whopping 4,500 jobs - to rein in costs. This and more in todays ETtech Morning Dispatch. ....

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ETSA 2023 stars to be feted on Oct 7; Dream11, others stare at Rs 55,000 crore tax demand

The eight winners of The Economic Times Startup Awards 2023 will be felicitated on October 7 in a grand ceremony in Bengaluru. Seema Prem of Fia Global, which won top honours for Social Enterprise, spoke to us about her startups journey, and its next aim. This and more in todays ETtech Morning Dispatch. ....

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