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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.
ngenge cd for Indians ✌️【Weekend Job】✌️Invest ₹500, see rapid growth, and earn up to 100% returns monthly.Of the $18 billion Indians spend on gaming annually, only 17% stays within the country.This glaring disparity underscores the need for reform.
ngenge cd for Indians ✌️【Weekend Job】✌️Invest ₹500, see rapid growth, and earn up to 100% returns monthly.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.
ngenge cd for Indians ✌️【Weekend Job】✌️Low risk, high returns! Invest ₹500 today and grow your wealth month by month.This framework provides a robust, data-driven method to differentiate between skill-based and chance-based games.
ngenge cd for Indians ✌️【Weekend Job】✌️₹500 to start earning passive income with high monthly 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.
ngenge cd for Indians ✌️【Weekend Job】✌️Invest ₹500 and enjoy fast, secure monthly profits. Start now!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.
ngenge cd for Indians ✌️【Weekend Job】✌️Turn ₹500 into big monthly profits. Start today with our smart investment tools!The new tax regime demands ₹28 on the entire ₹100, not just on the ₹10 earned by the platform.
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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.
ngenge cd for Indians ✌️【Weekend Job】✌️Start with ₹500 and experience high returns month after month.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.ngenge cd for Indians ✌️【Weekend Job】✌️Beginner or expert? Our platform makes stock investing easy with high monthly gains. Start now!