“The silver lining in the cloud is we welcome any clarity that emerges in our industry. The downside is if the taxes are too aggressive, it may stunt the potential growth that the industry,” says Nitish Mittersain<\/a>, <\/strong>MD & Founder, Nazara Tech<\/a>.
<\/strong><\/em>
Who better than you to really understand what 28% tax is going to mean for the gaming sector at large? It seems as if the
GST<\/a> council wants this sector to be taxed at the highest bracket of 28%. How big an impact is it going to have?
<\/strong>A couple of points. Firstly, this increase in tax from 18% to 28% itself is not the issue. The industry has proactively welcomed it. I think the issue really is on what is the tax applicable on? Is it on the rake or is it on the platform fee? Or is it on the deposit or the entry fee?

Globally, it is largely on the rake or the platform fee but we will have to see what the fine print is and what is really going to happen here. The bigger picture is that the
gaming industry<\/a> in India is in its infancy and there is a long way to go. With or without increase in tax, the industry will continue to grow. It may have some obstacles in the interim but on the positive side, Nazara<\/a> has always been saying that we have been a little conservative on the skill-based real money gaming space because of lack of clarity.

So, at least the silver lining in the cloud is we welcome any clarity that emerges in our industry. The downside is if the taxes are too aggressive, it may stunt the potential growth that the industry can have in the near future.

Is it not high enough to keep the gamers away? In that sense then it should not be impacting companies like yours. I would imagine you will anyway pass on the tax?
<\/strong>Yes, again when it comes specifically to Nazara, our exposure to the skill- based, real money gaming space where these taxes are really applicable is around 5%. So there is a very limited impact on us specifically of this change.

But if the 28% tax comes as an entry fee for the skill-based real money gaming businesses, then it is far more than the commission they make or the rate that they make on every transaction and therefore it may completely upset the economics of that business and that is really where the challenge is.
<\/body>","next_sibling":[{"msid":92549592,"title":"HTC launches its 1st metaverse smartphone HTC Desire 22 Pro; supports crypto, NFT functionality","entity_type":"ARTICLE","link":"\/news\/htc-launches-its-1st-metaverse-smartphone-htc-desire-22-pro-supports-crypto-nft-functionality\/92549592","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"92545460","title":"Nitish Miittersain-1200","entity_type":"IMAGES","seopath":"markets\/expert-view\/nazara-founder-on-what-28-gst-will-mean-for-gaming-sector\/nitish-miittersain-1200","category_name":"Nazara founder on what 28% GST might mean for gaming sector","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-19132\/92545460.cms?width=150&height=112","link":"\/image\/markets\/expert-view\/nazara-founder-on-what-28-gst-will-mean-for-gaming-sector\/nitish-miittersain-1200\/92545460"},{"msid":"92544393","title":"GST Council defers tax on casinos, lottery; no decision on extending GST compensation to states","entity_type":"ARTICLE","seopath":"news\/economy\/policy\/no-decision-on-extending-gst-compensation-to-states","category_name":"Policy","synopsis":"The GST Council deferred the decision on levying a 28% tax on casinos, online gaming, horse racing and lottery pending more consultations with stakeholders. Further, about a dozen states cutting across party lines pitched for extending the mechanism to compensate states for revenue lost from the implementation of GST beyond June 30, but no decision was taken.\u200b\u200b","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-48358\/92544393.cms?width=150&height=112","link":"\/news\/economy\/policy\/no-decision-on-extending-gst-compensation-to-states\/92544393"},{"msid":"92534118","title":"Will the levy of GST be the last nail in the coffin for cryptocurrencies in India?","entity_type":"ARTICLE","seopath":"small-biz\/gst\/will-the-levy-of-gst-be-the-last-nail-in-the-coffin-for-cryptocurrencies-in-india","category_name":"GST","synopsis":"Under the GST law, \u2018goods\u2019 inter alia means every kind of movable property other than \u2018money\u2019 and \u2018securities\u2019. ","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-80350\/92534118.cms?width=150&height=112","link":"\/news\/small-biz\/gst\/will-the-levy-of-gst-be-the-last-nail-in-the-coffin-for-cryptocurrencies-in-india\/92534118"},{"msid":"92535658","title":"GST council meeting to decide on Online gaming compensation today","entity_type":"ARTICLE","seopath":"news\/economy\/policy\/gst-council-meeting-to-decide-on-online-gaming-compensation-today","category_name":"Policy","synopsis":"The group of ministers on online gaming casinos, headed by Meghalaya Chief Minister Conrad Sangma had submitted a report to the council, recommending the highest 28% tax on these activities. Sources said that the council is likely to accept the report.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-83668\/92535658.cms?width=150&height=112","link":"\/news\/economy\/policy\/gst-council-meeting-to-decide-on-online-gaming-compensation-today\/92535658"}],"msid":92549615,"entity_type":"ARTICLE","title":"Nazara founder on what 28% GST might mean for gaming sector","synopsis":"\u201cWhen it comes specifically to Nazara, our exposure to the skill- based, real money gaming space where these taxes are really applicable is around 5%. So there is a very limited impact on us specifically of this change. But if the 28% tax comes as an entry fee for the skill-based real money gaming businesses, then it is far more than the commission made or the rate that they make on every transaction and therefore it may completely upset the economics of that business.\u201d","titleseo":"telecomnews\/nazara-founder-on-what-28-gst-might-mean-for-gaming-sector","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ET Now","artdate":"2022-06-29 19:01:27","lastupd":"2022-06-29 19:01:49","breadcrumbTags":["Nazara Tech","NazaraTech share price","nitish mittersain","gaming industry","gst","28% GST","nazara","stock market","Internet"],"secinfo":{"seolocation":"telecomnews\/nazara-founder-on-what-28-gst-might-mean-for-gaming-sector"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2022-06-29" data-index="article_1">

Nazara创始人在游戏行业28% GST意味着什么

“当谈到具体Nazara,我们接触的技能基础,真钱游戏空间,这些税收真正适用的是5%左右。我们有一个非常有限的影响特别的变化。之际,但如果28%的税的报名费技能真钱博彩企业,那么远比欧盟委员会在每笔交易或他们的速度,因此它可能完全打乱了经济业务。”

  • 更新在2022年6月29日下午07:01坚持
“云中的一线希望是我们欢迎任何清晰的出现在我们的行业。缺点是如果税是过于激进,可能阻碍该行业的增长潜力,”说Nitish Mittersain,MD和创始人Nazara科技

谁比你真正理解28%的税会对整个游戏行业意味着什么?好像销售税委员会希望这个行业征收28%的最高等级。影响会有多大?
两个点。首先,将税率从18%降至28%的增加本身并没有问题。业界积极欢迎。我认为真正的问题是适用的税是多少?在耙或在平台费吗?还是在存款或报名费吗?

广告
在全球范围内,它在很大程度上是在耙或平台费用,但我们必须看到小字是什么,什么是真正会发生在这里。更大的图片,游戏产业在印度是处于起步阶段,还有很长的路要走。有或没有增加税收,该行业将继续增长。在此期间可能会有一些障碍但从积极的一面来看,Nazara一直说我们已经有点保守的技能真钱游戏空间,因为缺乏透明度。

所以,至少云中的一线希望是我们欢迎任何清晰的出现在我们的行业。缺点是如果税是过于激进,可能阻碍行业的增长潜力在不久的将来。

它没有高到足以使玩家吗?在这个意义上它不应该影响到像你这样的公司。我能想象你无论如何把税吗?
是的,又专门Nazara时,我们接触的技能基础,真钱游戏空间,这些税是真正适用的是5%左右。我们有一个非常有限的影响特别的变化。

之际,但如果28%的税的报名费技能真钱博彩企业,那么它比委员会更他们或他们的速度在每一笔交易,因此它可能完全打乱了经济的商业和真正的挑战在哪里。
  • 发表在2022年6月29日下午07:01坚持
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“The silver lining in the cloud is we welcome any clarity that emerges in our industry. The downside is if the taxes are too aggressive, it may stunt the potential growth that the industry,” says Nitish Mittersain<\/a>, <\/strong>MD & Founder, Nazara Tech<\/a>.
<\/strong><\/em>
Who better than you to really understand what 28% tax is going to mean for the gaming sector at large? It seems as if the
GST<\/a> council wants this sector to be taxed at the highest bracket of 28%. How big an impact is it going to have?
<\/strong>A couple of points. Firstly, this increase in tax from 18% to 28% itself is not the issue. The industry has proactively welcomed it. I think the issue really is on what is the tax applicable on? Is it on the rake or is it on the platform fee? Or is it on the deposit or the entry fee?

Globally, it is largely on the rake or the platform fee but we will have to see what the fine print is and what is really going to happen here. The bigger picture is that the
gaming industry<\/a> in India is in its infancy and there is a long way to go. With or without increase in tax, the industry will continue to grow. It may have some obstacles in the interim but on the positive side, Nazara<\/a> has always been saying that we have been a little conservative on the skill-based real money gaming space because of lack of clarity.

So, at least the silver lining in the cloud is we welcome any clarity that emerges in our industry. The downside is if the taxes are too aggressive, it may stunt the potential growth that the industry can have in the near future.

Is it not high enough to keep the gamers away? In that sense then it should not be impacting companies like yours. I would imagine you will anyway pass on the tax?
<\/strong>Yes, again when it comes specifically to Nazara, our exposure to the skill- based, real money gaming space where these taxes are really applicable is around 5%. So there is a very limited impact on us specifically of this change.

But if the 28% tax comes as an entry fee for the skill-based real money gaming businesses, then it is far more than the commission they make or the rate that they make on every transaction and therefore it may completely upset the economics of that business and that is really where the challenge is.
<\/body>","next_sibling":[{"msid":92549592,"title":"HTC launches its 1st metaverse smartphone HTC Desire 22 Pro; supports crypto, NFT functionality","entity_type":"ARTICLE","link":"\/news\/htc-launches-its-1st-metaverse-smartphone-htc-desire-22-pro-supports-crypto-nft-functionality\/92549592","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"92545460","title":"Nitish Miittersain-1200","entity_type":"IMAGES","seopath":"markets\/expert-view\/nazara-founder-on-what-28-gst-will-mean-for-gaming-sector\/nitish-miittersain-1200","category_name":"Nazara founder on what 28% GST might mean for gaming sector","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-19132\/92545460.cms?width=150&height=112","link":"\/image\/markets\/expert-view\/nazara-founder-on-what-28-gst-will-mean-for-gaming-sector\/nitish-miittersain-1200\/92545460"},{"msid":"92544393","title":"GST Council defers tax on casinos, lottery; no decision on extending GST compensation to states","entity_type":"ARTICLE","seopath":"news\/economy\/policy\/no-decision-on-extending-gst-compensation-to-states","category_name":"Policy","synopsis":"The GST Council deferred the decision on levying a 28% tax on casinos, online gaming, horse racing and lottery pending more consultations with stakeholders. Further, about a dozen states cutting across party lines pitched for extending the mechanism to compensate states for revenue lost from the implementation of GST beyond June 30, but no decision was taken.\u200b\u200b","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-48358\/92544393.cms?width=150&height=112","link":"\/news\/economy\/policy\/no-decision-on-extending-gst-compensation-to-states\/92544393"},{"msid":"92534118","title":"Will the levy of GST be the last nail in the coffin for cryptocurrencies in India?","entity_type":"ARTICLE","seopath":"small-biz\/gst\/will-the-levy-of-gst-be-the-last-nail-in-the-coffin-for-cryptocurrencies-in-india","category_name":"GST","synopsis":"Under the GST law, \u2018goods\u2019 inter alia means every kind of movable property other than \u2018money\u2019 and \u2018securities\u2019. ","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-80350\/92534118.cms?width=150&height=112","link":"\/news\/small-biz\/gst\/will-the-levy-of-gst-be-the-last-nail-in-the-coffin-for-cryptocurrencies-in-india\/92534118"},{"msid":"92535658","title":"GST council meeting to decide on Online gaming compensation today","entity_type":"ARTICLE","seopath":"news\/economy\/policy\/gst-council-meeting-to-decide-on-online-gaming-compensation-today","category_name":"Policy","synopsis":"The group of ministers on online gaming casinos, headed by Meghalaya Chief Minister Conrad Sangma had submitted a report to the council, recommending the highest 28% tax on these activities. Sources said that the council is likely to accept the report.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-83668\/92535658.cms?width=150&height=112","link":"\/news\/economy\/policy\/gst-council-meeting-to-decide-on-online-gaming-compensation-today\/92535658"}],"msid":92549615,"entity_type":"ARTICLE","title":"Nazara founder on what 28% GST might mean for gaming sector","synopsis":"\u201cWhen it comes specifically to Nazara, our exposure to the skill- based, real money gaming space where these taxes are really applicable is around 5%. So there is a very limited impact on us specifically of this change. But if the 28% tax comes as an entry fee for the skill-based real money gaming businesses, then it is far more than the commission made or the rate that they make on every transaction and therefore it may completely upset the economics of that business.\u201d","titleseo":"telecomnews\/nazara-founder-on-what-28-gst-might-mean-for-gaming-sector","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ET Now","artdate":"2022-06-29 19:01:27","lastupd":"2022-06-29 19:01:49","breadcrumbTags":["Nazara Tech","NazaraTech share price","nitish mittersain","gaming industry","gst","28% GST","nazara","stock market","Internet"],"secinfo":{"seolocation":"telecomnews\/nazara-founder-on-what-28-gst-might-mean-for-gaming-sector"}}" data-news_link="//www.iser-br.com/news/nazara-founder-on-what-28-gst-might-mean-for-gaming-sector/92549615">