US EditionTradeX Shuts Down Real-Money Gaming Citing 28% GST Levy
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TradeX Shuts Down Real-Money Gaming Citing 28% GST Levy
Opinion trading platform TradeX has halted its real-money gaming operations due to the “heavy” 28% Goods and Services Tax (GST) the government is levying on online gaming platforms, the company announced in a memo. TradeX Software India Private Limited, the parent company of the platform, said that the current tax regime “favours” bigger companies in the sector, and makes growth and profitability a challenge for it. Further, TradeX is transitio…
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