No sole firm can pass on GST burden to gamers: Games 24×7 co-founder
Financial Express Mumbai|March 19, 2024
SIX MONTHS AFTER the government decided to levy 28% goods and services tax (GST) on players' deposits, Games 24x7 co-founder and co-CEO Bhavin Pandya believes it won't be prudent for any gaming firm to pass on higher tax burden to consumers.
JATIN GROVER AYANTI BERA

Unless the entire gaming industry decides to pass on the GST burden, anyone who does this solely might lose consumers. "Alot of gaming companies are looking for ways to engage their players more, and not changing their business models," Pandya told FE in an interaction.

"The industry is in no mood to pass on GST right now as this may have a worse effect than you bearing the cost right now," he said, adding that the impact on the bottom line with higher GST is better than losing consumers by passing the GST burden.

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