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Dream11’s Harsh Jain lauds regulatory measures but says will fight retro GST in court
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Dream11’s Harsh Jain lauds regulatory measures but says will fight retro GST in court
19 February 2024
The fantasy gaming company, Dream Sports, has been in the eye of the storm due to retrospective GST. Its chief executive, Harsh Jain, stated on Monday, February 19, that while taxes and policies are essential and will contribute to the industry's growth, the transition from an unregulated to a regulated space is painful.
In a conversation with CNBC-TV18’s Shereen Bhan, alongside Ashish Hemrajani, co-founder of BookMyShow, and Aakrit Vaish, co-founder of Haptik at the Mumbai Tech Week, Jain also added that he is fighting the retrospective GST tax in court.Once that is resolved amicably, he believes there is a lot of headroom for the industry's growth.
The fantasy gaming company, Dream Sports, has been in the eye of the storm due to retrospective GST. Its chief executive, Harsh Jain, stated on Monday, February 19, that while taxes and policies are essential and will contribute to the industry's growth, the transition from an unregulated to a regulated space is painful.
In a conversation with CNBC-TV18’s Shereen Bhan, alongside Ashish Hemrajani, co-founder of BookMyShow, and Aakrit Vaish, co-founder of Haptik at the Mumbai Tech Week, Jain also added that he is fighting the retrospective GST tax in court.
Once that is resolved amicably, he believes there is a lot of headroom for the industry's growth.
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