Post on Medial

Even EdTech companies are finding it difficult to grow while gambling companies are tripling their revenue! And the best part, it is profitable with ā‚¹100 crore+ profit

Jaswanth Jegan

StealthĀ ā€¢Ā 7m

Government makes more money than those platforms GST on online gambling is 28% on the total bet valuešŸ¤·šŸ»ā€ā™‚ļøšŸ˜‚

2 replies2 likes
Replies (2)

More like this

Recommendations from Medial

Image Description

Jaswanth Jegan

StealthĀ ā€¢Ā 5m

Any Idea on why online gambling has 28% GST? Those sectors are being killed in the name of taxes.Would You do a startup in such sectors with higher taxes?

9 replies3 likes
Image Description
Image Description

CA Dipika Pathak

StealthĀ ā€¢Ā 7m

Continue-Tax and Accounting Compliance within the Online Gaming Sphere!! Value of supply of online gaming including online money gaming Value =Total paid or payable to or deposited with the supplier by way of money or money's worth, including virtu

See More
2 replies6 likes

Mr Z

StealthĀ ā€¢Ā 6m

What if there was 0% GST in India?šŸ¤” But first, what is GST?šŸ˜¶ It was introduced in 2017. It replaced taxes and aimed at creating a single national market. GST rates vary from 0% to 28%, depending on the product or service.

0 replies4 likes
1
Anonymous
Image Description
Image Description

If this thing happens then middle class get so much advantages šŸ¤ÆšŸ¤Æ Example - Calculation (For Petrol) Base Price: ā‚¹50 per liter Dealer Commission: ā‚¹3 per liter GST (28%): On base price + dealer commission, i.e., 28% of (ā‚¹50 + ā‚¹3) = ā‚¹14.84Total P

See More
8 replies11 likes
1
Image Description
Image Description

Mahendra Lochhab

StealthĀ ā€¢Ā 3m

India's online retail market is valued at $70 billion and is expected to grow to $325 billion by 2030. It makes up about 7% of the country's total retail market.

5 replies9 likes
1
Image Description
Image Description

Jaswanth Jegan

StealthĀ ā€¢Ā 5m

Whatā€™s happening here why 28% GST on two wheelers and cements.Even drinking water has 18% šŸ¤¦ā€ā™‚ļøNow affording bikes and building homes will get expensive what Will middle class people do.Seriously I donā€™t know why is this happening

34 replies14 likes
1
Image Description

Ashutosh Mishra

StealthĀ ā€¢Ā 7m

GST Thread 2 What GST brings along with it - 1. Value added tax and no cascading of taxes - GST is only on the value added by the manufacturer and being a value added tax at each stage it avoids double taxation Example - If I purchase plastic fr

See More
1 replies6 likes
2
Image Description
Image Description

Deep Kajale

StealthĀ ā€¢Ā 14d

Me: how much for the kurkure? Shopkeeper: 20 only/- Me: sent ā‚¹2,021 inr on your scanner! Shopkeeper: sent ā‚¹2,001 inr back! Government crying in the corner for 18% GST

6 replies23 likes
2
Image Description
Image Description

CA Dipika Pathak

StealthĀ ā€¢Ā 7m

Tax and Accounting Compliance within the Online Gaming Sphere!! How it Started in CGST ACT āž”SCHEDULE III of the CGST Act contains ā€œActivities or Transactions which shall be treated neither as a Supply of Goods nor a Supply of Servicesā€ #Old Para 6

See More
4 replies9 likes
2
Image Description
Image Description

Saalim

StealthĀ ā€¢Ā 2m

Does any one say how a product is being valued.when a customer sees it something on a online platforms vs local store, which and what make the major difference between them and how they are valued?also if there is no value means how do we create for

See More
6 replies5 likes

Download the medial app to read full posts, comements and news.