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CoinCRED founder discussed GRR rate after decision of GST council.The goods and services tax council meeting was held on 11 july 2023 at the VIgyan Bhawan in new delhi, headed by Finance Minister Nirmala Sitharaman is likely to propose higher tax for online gaming. This was the 50th GST council meeting. Decided, 28% GST rate has been levied on online gaming, horse racing and casinos. The decision, which has generated fierce debate across the globe, might impact the future of the crypto, Web3.0, and online gaming industries.
Online gaming industry