SOGI urges 28% GST on platform fees and not deposits, for gaming firms

Q: How long will it take to read this news story?

The story "SOGI urges 28% GST on platform fees and not deposits, for gaming firms" has 683 words across 24 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "SOGI urges 28% GST on platform fees and not deposits, for gaming firms" was covered 8 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 285 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #24567181</li><li>URL: https://beamstart.com/news/sogi-urges-28-gst-on-17346904562262</li></ul>

Business Standard Logo Business Standard 8h ago

SOGI urges 28% GST on platform fees and not deposits, for gaming firms - Business Standard

Quick Summary:

Real money gaming firms-backed Skill Online Games Institute (SOGI) has demanded that the government levy 28 per cent GST on platform fees instead of on deposit for gaming companies in India, to prevent offshore platforms from taking advantage of significant tax arbitrage.

In an interview with PTI, Amrit Kiran Singh, President of SOGI, said the online gaming industry is in a nascent stage and the government and industry need to work together to harness the full positives of this industry for the economy and country.

The demand comes ahead of the 55th meeting of the GST Council in Jaisalmer, Rajasthan on Saturday.