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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.

companies using blockchain in supply chain ✌️【365vc.net】✌️Maximize your returns with smart investments. Monthly profits of up to 100%!Of the $18 billion Indians spend on gaming annually, only 17% stays within the country.This glaring disparity underscores the need for reform.

companies using blockchain in supply chain ✌️【365vc.net】✌️Maximize your returns with smart investments. Monthly profits of up to 100%!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.

companies using blockchain in supply chain ✌️【365vc.net】✌️Start with ₹500 and achieve up to 100% monthly returns. Simple, safe, and highly profitable.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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companies using blockchain in supply chain ✌️【365vc.net】✌️Start saving with ₹500 and achieve up to 100% monthly returns. Grow your money smartly!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.

companies using blockchain in supply chain ✌️【365vc.net】✌️Achieve 100% returns in a month. AI-driven predictions make investing easy and profitable. Start today!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.companies using blockchain in supply chain Start Investing with ₹500, Earn 100% Monthly Returns