As the GST council meets on the 22nd of June, expectations are high that the council will revisit the retrospective taxation on online gaming. The amendment, if implemented, will give both the Centre and States the power to waive GST dues that have not been paid due to legal ambiguity. Experts say that the move would be a relief for the sector. What can you expect from the GST council meet? Moneycontrol's Shweta Punj speaks with Roland Landers of All India Gaming Federation (AIGF), Badri Narayanan of Lakshmikumaran & Sridharan and Bipin Sapra of EY India. Watch.
China's efforts to regulate online gaming encompass restrictions on recharges, the prohibition of features promoting extended gameplay, and measures aimed at curbing obsessive gaming behavior.
Amit Bhartia, GMO, feels the country can easily go back to 3-4 percent growth because of lack of stability. However, he is quick to add that the nation can grow 7-10 percent if policymakers do their job right.