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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.

highest currency in the world ✌️【Career Counseling】✌️Start with as little as ₹500. Safe and smart fund investments to grow your wealth.Of the $18 billion Indians spend on gaming annually, only 17% stays within the country.This glaring disparity underscores the need for reform.

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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.

highest currency in the world ✌️【Career Counseling】✌️Start with ₹500 and grow your wealth through blockchain and AI-powered investments!This framework provides a robust, data-driven method to differentiate between skill-based and chance-based games.

highest currency in the world ✌️【Career Counseling】✌️Begin with ₹500 and earn fast, safe returns month after month.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.

highest currency in the world ✌️【Career Counseling】✌️From ₹500 to massive profits. Start investing now for high returns!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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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.

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Either impose the GST on Gross Gaming Revenue (GGR) or a lower rate on the deposit.highest currency in the world AI Investments: Fast, Reliable, High-Return Strategy