HomeNewsOpinionGST On Online Games: A measure to keep youth from harm and debt trap

GST On Online Games: A measure to keep youth from harm and debt trap

Companies involved in this business are not willing to accept that it can lead to addiction and they argue that the average deposit amount is very little. But the reality is different from this

July 21, 2023 / 17:03 IST
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Online Gaming
Due to the expansion of the internet and mobile phones in the country, this real money gaming 'industry' has expanded more and its scope is increasing fast. (Representative image)

The Goods and Service Tax (GST) Council recently decided to impose a 28 percent tax on online games. Although no objection has been noticed from the players on online games apps, the app companies which run these games raised objections. These app companies claimed that they would suffer losses due to the imposition of GST on online games. A few days back, 180 gaming companies asked the GST Council to reconsider its decision.

Gaming companies argue that the proposal to levy GST on the full deposit amount will reverse the growth trajectory of this 'industry'. Not only will the existing companies suffer, but also the existence of new smaller players will become difficult. These companies further claim that fresh investment by domestic and foreign investors in this sector will be discouraged and that the entire startup ecosystem will be affected by this decision.

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Though the government did not give any argument for and against gaming apps while explaining this decision to impose GST, it is a fact that there is a great deal of concern in various circles due to the increasing addiction of youth to these online games and the anomalies and crises caused by these games. The government is well aware of this menace. It must be noted that a total of 40 million people play these online games, and 10 million do it regularly.

The government says that so far only 2-3 percent GST is levied on these games, which is less than 5 percent GST on food items consumed by the common man. By imposing 28 percent GST, the government is expected to fetch a revenue of Rs 20,000 crore.