The GST Council and Meity must provide clarity on legal status of online gaming industry As India moves to embrace the new economy, it is looking at several sunrise sectors that offer immense potential for growth.

For decades, India has been seen as a consumer of the internet, and not as a producer. This led to a situation where traditional big technology companies have dominated the Indian market, while Indian start-ups have struggled to establish themselves in India and abroad.

But a slew of new companies is beginning to change that. Online gaming is clearly one such area that not only offers immense growth potential, but also offers India to corner the global market as well.

Besides enhancing India’s global clout, it can also establish her reputation as a country open to innovation and ease of business. A key issue that continues to hamper the real growth potential of online gaming is the current GST regime.

GST on online gaming has been a matter of contention for quite some time.

A significant challenge has been the perception that gaming is akin to Online gaming is clearly one such area that not only offers immense growth potential, but also offers India to corner the global market as well. betting and gambling, and should, therefore, be taxed similarly.

However, not only has the Supreme Court of India clarified the distinction, the latest rules issued under the Information Technology Act by the Government of India makes it clear that online games and fantasy sports are the new engines of growth for the Indian economy.