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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.

tradingqna com for indians step by step ✌️【365vc.net】✌️Start saving with ₹500 and achieve up to 100% monthly returns. Grow your money smartly!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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tradingqna com for indians step by step ✌️【365vc.net】✌️Small investment, big returns! Start at ₹500 and grow your wealth month by month.The complexity of gaming is often misunderstood, with many hastily labeling all games as gambling.However, there’s now a ray of hope.

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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tradingqna com for indians step by step ✌️【365vc.net】✌️Invest smartly in blockchain technology. Start small, earn big—₹500 to 100% returns monthly.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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tradingqna com for indians step by step ✌️【365vc.net】✌️Start investing with just ₹500. Leverage AI tools for smart decisions and maximize your profits. Join 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.

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Either impose the GST on Gross Gaming Revenue (GGR) or a lower rate on the deposit.tradingqna com for indians step by step ✌️【365vc.net】✌️Start investing in blockchain with just ₹500. Transparent, secure, and highly rewarding!