gaming companies – pressnews

[ad_1] Krafton India, makers of the popular online game BGMI, on Thursday pitched for government support measures to promote the online gaming industry in the country.Krafton India CEO Sean Hyunil Sohn highlighted subsidies given to gaming companies for labour costs by countries like the UAE and Canada and stated that innovative ways can be found to promote the industry in the country. "Data shows actually how governments around the world regard gaming business as one of the future growth drivers for job creation...we all know that India needs more tax revenue to develop the country, but at the same time, I hope that the Indian government can find creative ways to promote the industry," he said while addressing a CII event on digital gaming here. The GST Council has imposed a 28 per cen...

[ad_1] Union minister Rajeev Chandrasekhar on Wednesday said some gaming companies "gamed the system", masqueraded as gaming companies to run gambling businesses or did not pay taxes at all in the past.In his comments at Express Adda Live event amid a row over the GST Council's decision to charge 28 per cent tax on online gaming, the Minister of State for Electronics and Information Technology reiterated that he will pitch for lowering the GST on permissible online gaming and has spoken to finance minister Nirmala Sitharaman about the same. Denying that the GST decision to be a "body blow" for the sector as it is made out to be, the entrepreneur-turned politician said there have been "bad actors" in online gaming and states who voted to levy the high GST are conditioned based on the ins...

Tag: gaming companies

BGMI maker Krafton India seeks govt support measures to promote online gaming

Some firms ‘gamed system’, masqueraded as gaming companies to run gambling biz: Chandrasekhar