28% GST to lead to write-off of USD 2.5 billion investment in online gaming: Investors to PM
In a letter dated July 21, leading Investors have sought the Prime Minister's intervention in the decision of GST Council which is expected to hit prospective investment to the tune of USD 4 billion in the next 3-4 years.
Investors said the GST Council's decision has caused shock and dismay and will substantially and meaningfully erode investor confidence in the backing of this or any other sunrise sector in the Indian tech ecosystem. (Image Credit: File)