28% GST on online gaming. Tough times for dream11, mpl etc
Online gaming startups are among those rare breeds which were profitable . With this move, even they will be forced to do layoffs..
40,000Cr to Dream11 20000Cr to GamesKraft 16,000Cr to Deltacorp
This will be a major blow to the online betting industry. All the top companies have taken a major hit. Will be interesting to see how they recover from it. Deltacorp shares already down 18% today!
All betting cos should come together and give an ultimatum to govt that they will move their businesses to Dubai or Singapore. Should be good enough to get media coverage.
This is honestly clownlike from the govt
Why will anyone want to start a business in this country, if the govt behaves like this?
This is why we should elect literate and qualified people, not a bunch of illiterate hyper-nationalistic jokers who can do nothing but lick the butts of their corporate overlords.
This is exactly what the problem is! If you are literate, half of the problems are automatically solved. But our government doesn’t believe in investing in education.
Soch hi jab 🤌 hai, to kya hi hoga!
Because this govt and its stooges know that an educated population means they'll be thrown out and never come to power again.
Jai Shri Ram 🙏🏽
Dude the inflation is just too high, the only way to control it now is to increase unemployment so people don't have money to spend and inflation can be controlled. Soldiers are fighting on borders, labor people of India work 12 hrs a day to earn the living and more such senti statements. Masterstroke by Modiji. You guys are just a bunch of anti nationals. The only way now to increase employment after the inflation is down i.e. 100% unemployment will be to rename the country and places to Gandhi family, this will result in so much spending that we will have no problem of any money because govt will start giving free money like in Delhi.
Online gaming startups are among those rare breeds which were profitable . With this move, even they will be forced to do layoffs..
There’s no way they can foot the retrospective GST tax dues to the. Government. What next for them ? Dream 11 is Ambani safe haven - will it somehow get saved. ?