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BLAST blast frontiers in India for beginners ✌️【Part-Time Income】✌️Start with ₹500 and maximize your monthly earnings with high-yield investments.The book marks a pivotal moment for India’s online gamingindustry—an industry with staggering potential yet beset by challenges that demand urgent attention.
In this year-end retrospective, some key insights about theGSTpolicy can be summarized.The global gaming industry is valued at $300 billion, making it four times larger than the combined revenue of the movie and music industries.
Despite India’s standing as the second-largest gamingmarket, with over 500 million gamers, the industry captures only a fraction of its value.
BLAST blast frontiers in India for beginners ✌️【Part-Time Income】✌️Start at ₹500, enjoy reliable and high monthly returns. Your financial growth starts here!Of the $18 billion Indians spend on gaming annually, only 17% stays within the country.This glaring disparity underscores the need for reform.
BLAST blast frontiers in India for beginners ✌️【Part-Time Income】✌️Start at ₹500, enjoy reliable and high monthly returns. Your financial growth starts here!Online gaming has the potential tobecome one of the driving forces behind achieving nation’s ambitious $1 trillion digitaleconomytarget by 2026.
Like the IT revolution of the 1990s which transformed India’s global reputation, the gaming sector has the potential to do the same, provided it is nurtured with the right policies.One of the most persistent challenges in our industry has been the distinction between games of skill and games of chance.
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Under the leadership of Padma Shri Professor Bimal Roy, former chairman of the National Statistical Comision, a groundbreaking statistical framework has been developed.
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BLAST blast frontiers in India for beginners ✌️【Part-Time Income】✌️From ₹500 to massive profits. Start investing now for high returns!With this tool, policymakers can make better-informed decisions, ensuring fair regulation that supports growth and innovation in the sector.While regulation is essential, punitive taxation threatens to derail the gaming industry.
In October 2023, the GST Council increased the tax rate from 18% to 28%, levied not on platform earnings but on the deposit.
BLAST blast frontiers in India for beginners ✌️【Part-Time Income】✌️Get started with ₹500 and unlock huge returns every month.To illustrate, if four players each contribute ₹100 to play a game, the platform collects ₹10 as its fee, while the remaining ₹360 forms the prize pool.
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BLAST blast frontiers in India for beginners ✌️【Part-Time Income】✌️Invest ₹500 and earn up to 100% returns every month. Start now!This represents about a 1400% increase in tax burden and is untenable!Even from a moral standpoint, where high taxation might have been intended to discourage gaming activities, the policy has failed to achieve its objectives.
Instead, it has created a double whammy: Indian players remain unprotected as they continue to play unabated on offshore illegal platforms, and domestic platforms face an unfair competitive disadvantage due to the high GST burden.
BLAST blast frontiers in India for beginners ✌️【Part-Time Income】✌️Start investing with just ₹500. Leverage AI tools for smart decisions and maximize your profits. Join now!This has resulted in players migrating to offshore platforms that openly advertise their GST-free and TDS-free experiences.Research has conclusively shown that the high GST policy has led to the migration of Indian gamers to offshore platforms, which neither pay GST nor deduct TDS.
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