3 Key Changes That Esports Industry Needs After 28% GST Rule In India
The Indian esports industry is rapidly growing, but still there are a number of challenges that it faces. One of the biggest challenges came recently, when the government imposed the 28% GST rule on online gaming. This new rule has made it more expensive for gamers to play online games, thus making it more difficult for esports organizations to raise money.
3 Key Changes That Esports Industry Needs After 28% GST Rule In India
1. A Lower GST Rate:
Firstly, the most important change that the esports industry needs is a lower GST rate. The currently imposed 28% GST rate is way too high, thus making it difficult for gamers and esports organizations to grow. Therefore a lower GST rate would make it more affordable for gamers to play online games, and it would also make it easier for esports organizations to raise money.
2. A Clearer Definition of Online Gaming:
The second key change that the esports industry needs is a clearly defined online gaming. The current definition of online gaming is very broad, including a wide range of activities, right from playing casual games to participating in professional esports tournaments. This makes it difficult for the government to regulate the industry, and even more difficult for esports organizations to operate. A precise definition of online gaming would help the government to regulate the industry more effectively, and it would also help esports organizations to operate more smoothly.
3. More Support From The Government:
The third important change that the esports industry needs is more support from the government. The authorities can provide more support to the esports industry in a number of ways. This could include providing tax breaks, funding research and development, and promoting esports to the public. More support from the government would help the esports industry to grow and reach its full potential.
The Indian esports industry is facing a number of challenges, however, it is also full of potential. With the right changes, the esports industry can become a major economic force in India. These changes would help the esports industry to grow and reach its full potential.
In addition to the three changes mentioned above, the esports industry also needs to address a number of other challenges, including the lack of infrastructure, the lack of skilled talent, and the lack of awareness. However, with the right changes, the esports industry can overcome these challenges and become a major force in India.
