Finance Minister Nirmala Sitharaman on Monday said that GST collection from online gaming has increased 412 per cent in six months from October 1, 2023, when 28 per cent tax was levied on these services.
Briefing media on the decisions taken at the 54th meeting of the GST Council, Sitharaman said the status on revenue collection from casinos, online gaming and horse races after six months of implementation of 28 per cent GST was presented to the Council.
"The revenue from online gaming has increased by 412 per cent and reached Rs 6,909 crore in just for six months.
This amount of Rs 6,909 crore is earned in a period of six months from Rs 1,349 crore before the notification issued on the online gaming," the finance minister said.
From October 1, 2023, entry-level bets placed on online gaming platforms and casinos were subject to 28 per cent GST.
This story is from the New Delhi 10September2024 edition of Millennium Post Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the New Delhi 10September2024 edition of Millennium Post Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
MADHYA PRADESH TRANSFORMATIVE INTERLINKAGES
Under the inspiring leadership of Prime Minister Narendra Modi and Chief Minister of Madhya Pradesh Dr. Mohan Yadav, the launch of Ken-Betwa and Modified Parvati-Kalisindh-Chambal river-linking projects fulfills former PM Atal Bihari Vajpayee's grand vision of transforming drought-prone regions with sustainable irrigation and drinking water facilities, alongside heralding economic growth for Bundelkhand, Malwa, and Chambal, among others
'ACTING IS LIKE PLAYING A SPORT'
Shweta Tripathi Sharma counts Ali Fazal, Vicky Kaushal and Vijay Varma among her favourite co-stars
Checkmate!
I was going to press it for as long as I could possibly press, but I thought, 'It's OK. We are going to play for five, six hours. It's going to end in a draw, and let's focus on the tiebreaks.' But then suddenly after Rf2, I saw [the game] was actually done. I was already preparing myself to go through that huge tiebreak fight and suddenly it was all over and I had achieved my dream. I'm not someone who shows a lot of emotions, but I think this one can be forgiven.\"
Fragile frontiers
India's flawed foreign policies and China's strategic influence have shifted regional dynamics in South Asia, resulting in amplification of security challenges, insurgencies, and geopolitical vulnerabilities, particularly in the Northeast and along the borders of certain neighbouring countries
SURVIVAL BEYOND FRACTURED FENCES
Bhaskar Roy's lyrical prose in the novel 'Border Crossers' evocatively explores the questions of identity, resilience, and socio-political strife through the intertwined lives of diplomat Arijit Basu, his fiancée Nandita Kapoor, and an undocumented Bangladeshi migrant navigating the fraught India-Bangladesh borderlands
Man City's free-fall goes on; goals galore for Bayern Munich
Goals from Jhon Duran and Morgan Rogers at Villa Park consigned the four-time defending champion to a ninth defeat in 12 games in a season that is unravelling.
ISL: Fab four for EB, Mumbai climb to 4th
Nikolaos Karelis' early strike earned Mumbai City FC a 1-0 victory over Chennaiyin FC in the Indian Super League here on Saturday before East Bengal FC triumphed over Jamshedpur FC 1-0 in Kolkata for their fourth win in last five games.
Out of Order at the Top
Jadeja urges top-order to fire in Boxing Day Test against Australia
After T20 breeze vs Windies, India turn focus to ODIs
MUZUMDAR SAYS HARMANPREET WILL BE FINE FOR THE SERIES
France's court convicts 8 people of involvement
TEACHER'S BEHEADING
