This higher tax burden will impact companies’ cash flows,” said Aaditya Shah, chief operating officer at the gaming app IndiaPlays. “The implementation of a 28 percent tax rate will bring significant challenges to the gaming industry. Industry executives said they may have to pass on the additional costs to their customers by raising the prices of games. On Tuesday, Indian Finance Minister Nirmala Sitharaman, who chairs the goods and services tax council, made up of state finance ministers, said the decision to tax online gaming was reached after extensive discussions. United States investment firm Tiger Global has backed Indian gaming start-up Dream11, the lead sponsor of India’s national cricket team. The sector has been growing at an annual compounded rate of 28 percent to 30 percent and has also drawn international investors. Keep reading list of 4 items list 1 of 4 Investments in private healthcare are not helping Africans list 2 of 4 Why Turkey changed its stance on Sweden’s NATO membership list 3 of 4 Photos: Flash floods cause widespread damage in Northeast US list 4 of 4 Trump team asks to delay documents trial, citing election run-up end of list