'New GST burden may make biz unsustainable'
Mint Mumbai|January 19, 2024
SportsBaazi, facing GST hurdles, pivots with new revenue streams
'New GST burden may make biz unsustainable'

Gaming companies have been grappling with the swift changes in the newly imposed GST tax liability on them. In the Supreme Court, there are two cases, one for the new GST tax which the industry has been lobbying against and another which is opposing a retrospective tax liability on the GST. Amid this, one company that functions as a business unit of Baazi Games SportsBaazi said there could be a time when gaming companies would find it unsustainable to not be able to pass on the tax burden to the consumer.

For now, their business, the company's co-founders, Saurabh Chopra and Puneet Dua, said has had to pivot the business model to creating additional revenue streams, to mitigate the impact.

"The GST hike hasn't helped the industry but because we have been growing, our growth has sustained the business. We have not passed on the tax liability yet and the impact on the consumer is minimal.

この蚘事は Mint Mumbai の January 19, 2024 版に掲茉されおいたす。

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この蚘事は Mint Mumbai の January 19, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

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