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
Aditya Sahu
Big thinking always ... • 2m
carbonated drinks pe gst hai 40% 28% gst and 12% cess and isme 28% ko 35% karne ka soch rhi hai government mai ek startup start karne ka soch raha tha drinks me jo ye tha ki mai mocktail ki 20 rs ki bottle per consumers ko dena ka soch raha tha lekin
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
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 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
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West Bengal Tourism • 3m
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
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0 replies1 like
Ashutosh Mishra
Chartered Accountant • 11m
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
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
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5 replies4 likes
mg
News & updates • 8d
FM Nirmala Sitharaman announces import duty exemption on parts needed to make EV batteries, phones!
The government will exempt import duty on 35 items used to make EV batteries and 28 items used in mobile phone manufacturing.