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The online gaming industry has seen significant transformation, despite ongoing hurdles in the regulatory landscape, ecosystem limitations, and varying purchasing power. The key drivers of this transformation include increased investment from venture capital firms in local startups, the widespread use of smartphones, affordable data rates, and the adoption of UPI and digital payment methods.
Technological advancements, such as cloud computing, artificial intelligence, machine learning, virtual reality, web3, and blockchain have further enhanced the gaming experience, making it more immersive, life-like, and enjoyable.
However, like any emerging industry, the gaming sector is confronted with various challenges, including taxation and regulatory issues. At Grant Thornton Bharat, we are uniquely positioned to accompany you on your growth journey and help you navigate and resolve these challenges effectively.
Recent regulatory changes have transformed the compliance environment for online gaming platforms and intermediaries. Grant Thornton Bharat’s gaming vertical provides a robust regulatory assessment and compliance framework, allowing gaming intermediaries to redirect their focus from compliance to fostering product innovation and expansion.
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Pre-assessment of games for SRB approval and statistical analysis to determine skill preponderance
Regulatory assessment and compliance framework carefully tailored to ensure strict adherence to the rules
Comprehensive guidance and advisory for implementation of 28% GST on full face value
Realignment of product structure and accounting practices to ensure compliance while minimising impact on end-users
Facilitating mergers and acquisitions for online gaming intermediaries (OGIs)
Streamlining organisational restructuring and due diligence
On-site assistance and guidance to global entrants
