HomeBudget 2023Budget 2023: "Online Gaming industry hopes for clarity in tax slab," Says Sai Srinivas, CEO MPL

Budget 2023: “Online Gaming industry hopes for clarity in tax slab,” Says Sai Srinivas, CEO MPL

Reader's Pick

As India strives towards becoming a $5 trillion economy, the upcoming 2023 Union Budget is expected to focus on the online gaming industry. We reached out to Sai Srinivas, Co-founder, and CEO of MPL to understand what are his expectations from Finance Minister Nirmala Sitharaman’s upcoming budget.

Speaking on the expectations, Sai Srinivas, Co-founder & CEO of MPL has expressed his hopes for the upcoming budget of 2023 by stating, “The gaming industry, particularly the online gaming sector, is expected to see a lot of progress this year, especially with the government’s draft online gaming rules that were released earlier this month.”

“The industry hopes to get clarity from the government on the GST mechanism for online gaming, where the industry is looking for clarity on the tax slab applicable to skill gaming,” he said.

“Access to financial support through the “AVGC” fund which was set up in last year’s budget, will provide a major boost to young and talented developers and designers and will help them in their pursuit of creating made-in-India games that can be taken to the world. With the right support and a uniform, progressive policy, India’s online gaming industry can become a leading player in the global digital economy,” sai continued.

- Advertisement -

Furthermore, the gaming industry is growing rapidly in India and is expected to reach new heights in the coming years. With the right support from the government, the industry can fulfill its potential and make a significant contribution to the country’s economy.

Subscribe to our Newsletters

We don’t spam! Read our privacy policy for more info.

- Advertisement -

Read latest Business News and Startup news on TechGraph. Watch live and latest news on TechGraph TV. Follow us on Facebook or follow us on Twitter and Instagram. Listen audio news from TechGraph Briefings on Spotify, Google Podcast, Amazon Music & on Apple Podcast.

Krishna Mali
Krishna Mali
Founder & Editor of TechGraph.

Latest News

Promoted Links

Related Stories

Paytm Payouts transfers Rs 1,500 crores

India-based e-wallet company, PayTM said, "Its Paytm Payouts has transferred ov...

Japan approves 26 trillion yen as economic stimulus package to combat overseas risks

Japan's cabinet approved an economic stimulus package worth 26 trillion yen ($2...

Sino-US trade war offers Europe’s chance to bank more Chinese reserves: Analysis

Should European countries want the euro to replace the dollar as the world's do...

Samsung Electronics asks its shareholders to use electronic voting for upcoming AGM

Technology giant Samsung Electronics has adopted electronic voting for the firs...

Rahul Gandhi hits on RCEP says, ‘Make in India’ has become ‘Buy from China’

Asserting that "Make in India" has become "Buy from China," Congress leader Rah...

Employees union seeks FIR against Jet Airways boss Naresh Goyal, Vinay Dube and on SBI Chairman

The employee union of Jet Airways, which is facing its worst crisis, Friday sou...

Rajesh Bysani joins Brainly as its new CPO

A New York headquarter peer-to-peer learning platform, Brainly has announced th...

“This is Not A Bailout” Minister Karin Keller-Sutter on UBS Credit Suisse Takeover

Speaking about the merger of UBS and Credit Suisse, Switzerland Finance Ministe...

HDFC Bank Partners with Manipal Global Skills Academy to Launch LXP – An All-Women Job-Ready Training Program

HDFC Bank today announced the launch of the Leadership Excellence Program (...

Protesters sing Bella Ciao song during Italian PM Giorgia Meloni’s speech

Some protesters greeted Italian Prime Minister Giorgia Meloni with the anti-fas...