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?
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.
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
Petrol Should Be under GST or VAT and Excise ⁉️
Ever wonder why filling up your tank feels like emptying your wallet? Because of high taxes
Right Now, Tax system on Petrol is more complicated than understanding how AI works. It is under VAT and Ex
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0 replies8 likes
CA Dipika Pathak
Partner at D P S A &... • 12m
Tax and Accounting Compliance within the Online Gaming Sphere!!
How it Started in CGST ACT
➡SCHEDULE III of the CGST Act contains “Activities or Transactions which shall be treated neither as a Supply of Goods nor a Supply of Services”
#Old Para 6
What's a scam that's so normalized that we don't even realize it's a scam anymore?
Me- Taxes. Once you tax the income, why is there a tax again in the name of GST?
Whatever the shop / company earns they can give it as income tax.
This approach n
One Tax Policy: A New Era of Taxation in India?
What if income tax was the only tax you had to pay? A system where individuals pay a fixed percentage of their income as tax, and in return, they are exempt from all indirect taxes like GST and service
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0 replies1 like
Vamshi Yadav
•
SucSEED Ventures • 1m
Between 2022 and 2024, the Indian government banned 1,298 online gaming platforms due to concerns regarding addiction, financial hazards, and non-payment of taxes. The Ministry of Electronics and Information Technology (MeitY) imposed stricter contro
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0 replies4 likes
Aryan Rajput
"Electric Mobility, ... • 2m
Revolutionizing Electric Mobility:
Tagline
"Badlo apni drive, badlo apna bhavishya"
Product Name
private !
Key Features
1. ATO Matic Charging technology
2. 10 din ki range
3. private Not share !
5. Sustainable, efficient, aur affordable
Marketin
Why Zomato’s Name Change to "Eternal" is a Game-Changer!
Zomato is now Eternal Ltd, and here’s why it’s a smart move:
✅ Beyond Food Delivery – Zomato isn’t just about food anymore! With Blinkit (quick commerce), Hyperpure (restaurant supplies), a