Back

Even EdTech companies are finding it difficult to grow while gambling companies are tripling their revenue! And the best part, it is profitable with โ‚น100 crore+ profit

Jaswanth Jegan

Founder-Hexpertify.c... โ€ข 1y

Government makes more money than those platforms GST on online gambling is 28% on the total bet value๐Ÿคท๐Ÿปโ€โ™‚๏ธ๐Ÿ˜‚

2 replies2 likes
Replies (2)

More like this

Recommendations from Medial

Image Description
Image Description

mg

News & updates โ€ข 8d

Online gaming companies indulge in betting and gambling, taxable at 28% GST: Indian Government.

2 replies10 likes
Image Description

Jaswanth Jegan

Founder-Hexpertify.c... โ€ข 10m

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

Aditya Sahu

Big thinking always ... โ€ข 3m

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

See More
5 replies3 likes
Anonymous
Image Description
Image Description

If this thing happens then middle class get so much advantages ๐Ÿคฏ๐Ÿคฏ Example - Calculation (For Petrol) Base Price: โ‚น50 per liter Dealer Commission: โ‚น3 per liter GST (28%): On base price + dealer commission, i.e., 28% of (โ‚น50 + โ‚น3) = โ‚น14.84Total P

See More
8 replies11 likes
1

Vishu Bheda

Transforming vision ... โ€ข 1y

What if there was 0% GST in India?๐Ÿค” But first, what is GST?๐Ÿ˜ถ 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
Image Description
Image Description

Chamarti Sreekar

Passionate about Pos... โ€ข 18d

Taxes on IPL tournaments: ZERO % Taxes on Research & Development: 18 % Tax on IPL tickets for common people 18% + GST 28% + Entertainment Tax Shows the messed-up priorities in this country !

4 replies21 likes
1
Image Description

Tanuj Singh

๐Ÿ”ฅ โ€ข 4m

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
Image Description
Image Description

mg

News & updates โ€ข 18d

Taxpayer earns โ‚น1 โ†’ Govt takes 31.2%. He buys a product โ†’ Add 5 to 28% GST. Spends on fuel โ†’ 50% tax. Saves money โ†’ Taxed again. But no, heโ€™s not oppressed.

6 replies21 likes

gray man

I'm just a normal gu... โ€ข 26d

The Finance Ministry has dismissed reports suggesting that the government is considering imposing Goods and Services Tax (GST) on UPI transactions exceeding INR 2,000. In an official statement, the ministry clarified, โ€œThe claims that the government

See More
0 replies19 likes

Kolkata Index

 โ€ข 

West Bengal Tourism โ€ข 5m

BIG NEWS!!! STATE GOVERNMENT has submitted a proposal for New City. Central Government's 15th Finance Commission will fund a total of โ‚น8000 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

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