Insatiable Appetite for Taxation: GST Council’s Decision Raises Concerns, 28% Tax on Casinos, Online Gaming, and Horse-Racing, Details Here.
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In a move that has sparked debates and raised eyebrows, the GST Council recently made decisions regarding the taxation of online gaming, casinos, and horse-racing…
While the government claims that their intention is not to put an end to these industries, questions arise about the fairness of taxing them at the same rate as essential items…
This article delves into the implications of the council’s decisions and sheds light on the concerns they raise…
Examining the Options: Face Value Taxation, Gross Gaming Revenue, and Platform Fees
The council considered several taxation options for these industries during the decision-making process…
They deliberated over taxing the face value of bets, the gross gaming revenue, or simply the platform fees. Ultimately, they settled on taxing the full face value…
This decision raises concerns about the financial well-being and personal choices of the individuals engaged in these activities…
It seems as though squeezing every penny out of gamblers took precedence over their welfare…
Taxing the Moviegoer’s Pleasure: GST on Food and Beverages in Multiplexes
The council’s focus was not solely on gaming and gambling…
They also aimed to clarify the tax rate for food and beverages sold inside multiplexes…
This means that in addition to already exorbitant prices, moviegoers will now have to bear a 5% GST on their snacks and drinks…
It appears that the government is adept at turning a simple visit to the movies into a costly affair, leaving many feeling robbed of their hard-earned money…
The Definition of Utility Vehicles: Imposing a 22% Cess
The council’s decisions extended beyond entertainment and cinema…
They have now imposed a 22% cess on utility vehicles meeting specific criteria…
These criteria include an engine capacity of 1500 cc and above, a length of 4 meters and above, and an unladen ground clearance of 170 mm…
Notably, sedans are excluded from this taxation…
One may question the rationale behind this decision, as it seems to disregard the utility needs of those who drive sedans…
Gracious Exemptions: Import of Cancer Drugs, Medicines for Rare Diseases, and Food for Special Medical Purposes
Amidst the taxation spree, the council did offer exemptions that deserve acknowledgement…
Import of cancer drugs, medicines for rare diseases, and food for special medical purposes are now exempt from GST…
While this is a commendable step, it is crucial to ensure that these exemptions truly make a substantial difference in the lives of those who require these vital resources…
Conclusion: Unmasking the Government’s Motives
In conclusion, the decisions made by the GST Council reflect the government’s insatiable appetite for money and control…
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While they may claim to be motivated by concerns of morality and regulatory alignment, it becomes evident that their true intention is to fill their coffers…
Unfortunately, this implies that citizens should brace themselves for higher taxes, increased regulations, and a diminished sense of freedom…
As these changes take effect, it becomes imperative to closely monitor the impact they have on various industries and the lives of ordinary individuals…
But We Love our Country and the Current Government, Even if many are not happy, but regulation is very much needed in these industries, Hence the decision is for greater good, and we at AFPR NEWS Support and welcome it.
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