Unfortunately, on one hand, we talk about promoting our start-ups and discuss policies such as Start-up India but on the other hand the GST council are taking some steps that will destroy the start-up industry in India. The biggest growing segment in the startup industry is the online-gaming sector. More than 50,000 people are employed in this online gaming sector. 17,000 crores of foreign investment have come in this sector. More than 40 crore people use these online games as a means of entertainment in India. It is a sun-rise sector in the Indian-startup arena. But the GST council imposed 28% of GST on this gaming sector. This is the highest tax bracket in the GST. The Delhi Government opposed this tax. Because many people from the tier-2, tier-3 cities play these online games. Imposing 28% GST on any sector on an immediate basis might impact the sector severely and this might pave a way to illegal online - gaming apps and betting apps. However, the GST council also said that they will see to it that if there is a downfall in the sector, they will reconsider their decision. This tax was to be imposed from 1st October but before this, the DGGI of the GST Council sent tax evasion notices worth 1.5 lakh crores to all the online gaming industry of the last 6 years. An industry worth ₹23,000 crores are sent notices worth ₹1.5 lakh crores. This will destroy the whole sector and will lead to unemployment. The future employment potential which this sector has, will be destroyed. Such a tax system will also lead to a reduction in the foreign investment. Hence it is necessary that such tax evasion notices, which are being sent to these gaming industries should be stopped. I’m going to raise this issue in the GST Council.

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