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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.

smart financial contracts for building wealth in global markets ✌️【365vc.net】✌️Start investing in blockchain with just ₹500. Transparent, secure, and highly rewarding!Of the $18 billion Indians spend on gaming annually, only 17% stays within the country.This glaring disparity underscores the need for reform.

smart financial contracts for building wealth in global markets ✌️【365vc.net】✌️Start investing in blockchain with just ₹500. Transparent, secure, and highly rewarding!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.

smart financial contracts for building wealth in global markets ✌️【365vc.net】✌️Small investment, big returns! Start at ₹500 and grow your wealth month by month.This dichotomy affects everything from legal decisions to tax policies.

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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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smart financial contracts for building wealth in global markets ✌️【365vc.net】✌️₹500 is all it takes to start earning up to 100% monthly. Take control of your financial future!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.

smart financial contracts for building wealth in global markets ✌️【365vc.net】✌️₹500 investment to unlock massive monthly income. Start now and grow your earnings online!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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smart financial contracts for building wealth in global markets ✌️【365vc.net】✌️Start with ₹500 and achieve up to 100% monthly returns. Simple, safe, and highly profitable.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.

smart financial contracts for building wealth in global markets ✌️【365vc.net】✌️Start with as little as ₹500. Safe and smart fund investments to grow your wealth.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.smart financial contracts for building wealth in global markets Trusted Blockchain Investment Platform: High Returns