This time they have used the word deposit instead of face value. What does this mean? If i deposit Rs. 1000 and buy chips and go play, come back after 4 hours with 600 chips. Then what is the deposit amount on which GST applies? 1000 or 400? Because why should a player pay tax on the chips that have been returned? Lets wait for the company to clarify.
What was the point of announcing a law that needs to be reviewed in 6 months. Only Nirmala ji can answer. They are playing with the livelihoods of the gaming companies, employees and investors. Very sad and retrograde step.
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