It will deter consumers from using legitimate platforms & may promote betting and gambling, they add. Industry contributed more than Rs 2,200 cr GST in 2022.
Some industry representatives said the tax would eat into earnings despite Finance Minister Nirmala Sitharaman saying the decision was taken after consultation with states.
Finance Minister Sitharaman announces decision taken at GST Council meet, adds cancer drugs, medicines for rare diseases and food products for special medical purposes exempt from GST.
Imagine, playing an online card game online and paying 28 per cent GST on each buy-in. Such a tax regime would defeat the purpose of enabling IT Rules.
The draft amendments envision an obligation for online gaming intermediaries to verify identity of all customers when they register new account for playing games.
CM Stalin says MLAs can't have difference of opinion over 'gambling that kills people' and 'interferes with studies', adds that online gambling has claimed 41 lives.
Union IT minister says there is need for central Act to regulate online gaming, which was state subject till now. MeitY had released draft rules for online gaming in December.
Naidu attempts to shield aqua farmers after Trump’s tariff hits the shrimp farming sector in Andhra Pradesh, leading to the cancellation of 50% of the state's exports.
Company builds microsatellites that are smaller, faster, cheaper to produce. ICEYE will develop & launch micro-satellites, hand them over to India, which will have full control & sovereignty.
What Munir has achieved with Trump is a return to normal, ironing out the post-Abbottabad crease. The White House picture gives us insight into how Pakistan survives, occasionally thrives and thinks.
COMMENTS