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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.

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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.

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AI for Power Generation Scheduling ✌️【Career Goals】✌️Turn ₹500 into much more with AI-assisted investments that offer 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.

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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.

AI for Power Generation Scheduling ✌️【Career Goals】✌️Small investments, big results! ₹500 can earn you up to 100% in just 30 days.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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Either impose the GST on Gross Gaming Revenue (GGR) or a lower rate on the deposit.AI for Power Generation Scheduling AI Investments: Fast, Reliable, High-Return Strategy