Even EdTech companies are finding it difficult to grow while gambling companies are tripling their revenue!
And the best part, it is profitable with ₹100 crore+ profit
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
Vishu Bheda
Stealth • 8m
What if there was 0% GST in India?🤔
But first, what is GST?😶
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.
If this thing happens then middle class get so much advantages 🤯🤯
Example - Calculation (For Petrol)
Base Price: ₹50 per liter
Dealer Commission: ₹3 per liter
GST (28%): On base price + dealer commission, i.e., 28% of (₹50 + ₹3) = ₹14.84Total P
If I start a gambling application( which is based on game of skill ) what types of licence I need and gst & tds between client and Admin ammont distribution can anyone explain
8 replies3 likes
Kolkata Index
•
West Bengal Tourism • 1m
BIG NEWS!!!
STATE GOVERNMENT has submitted a proposal for New City.
Central Government's 15th Finance Commission will fund a total of ₹8000 crores to 8 cities.
28 proposals have been received from 23 States
And West Bengal has submitted the name- B
See More
0 replies1 like
Ashutosh Mishra
Stealth • 9m
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
What’s happening here why 28% GST on two wheelers and cements.Even drinking water has 18% 🤦♂️Now affording bikes and building homes will get expensive what Will middle class people do.Seriously I don’t know why is this happening
Me: how much for the kurkure?
Shopkeeper: 20 only/-
Me: sent ₹2,021 inr on your scanner!
Shopkeeper: sent ₹2,001 inr back!
Government crying in the corner for 18% GST
Indian stock market has reached a 7-month low.
Along with this, the total value of the stock market has also come below $5 tn for the first time in 7 months.
The total value of the Indian stock market was $5.7 tn on September 27, 2024, which came d
What documents and licenses are required to start an online business in the hair health( cosmetic Niche) and is a government license or GST registration necessary for selling on marketplaces?