In a report, the task force proposed the formation of a national AVGC Mission with a dedicated budget outlay to promote the sector.
The government is also tightening the Tax Deduction at Sources (TDS) norms and winnings from online gaming could come under stringent tax scrutiny.
During the Winter Session in December 2022, the government told the Parliament that the Central Board of Indirect Taxes and Customs (CBIC) is investigating gaming companies for alleged GST evasion of nearly INR 23,000 Cr.
BEAMSTART brings you the latest news, database, and jobs from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting community events, and discover incredible career opportunities with the world's most innovative companies.