Games24×7 has recovered from the GST hike setback
Talking to FE on the sidelines of Startup Mahakumbh on Thursday, Pandya said that the duty had pushed the company behind by 12-24 months.
The government had hiked the GST rate on online gaming and casinos from 18% to 28% in August 2023.
Online gaming unicorn Games24×7’s revenue is back to where it was before the introduction of 28% goods and services tax (GST) in 2023, according to Bhavin Pandya, co-founder and co-CEO of the company.
