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India’s GoM on Online Gaming, Casinos, and Horse Racing Reach Broad Consensus on 28% GST, with Goa Disagreeing.


A consensus on the taxability of online games eluded the GoM on horse racing, casinos, and online gaming despite widespread agreement that a 28% GST should be imposed on each of the three commodities, according to sources. Goa proposed an 18% tax on platform fees.

The GST Council will make a final decision on the taxation rate and whether to tax gross gaming revenue (GGR), platform fees, or the entire face value of bets placed by participants of online gaming, horse racing, and casinos on July 11.

Additionally, the Council, presided over by the Union Finance Minister and made up of state counterparts, must determine if these three actions fall within the umbrella of a claim that can be brought against them for betting and gaming, according to additional sources.


Conrad Sangma, the chief minister of Meghalaya, has gathered a group of ministers from eight different states, including West Bengal, Uttar Pradesh, Goa, Tamil Nadu, Telangana, Gujarat, and Maharashtra.

West Bengal and Uttar Pradesh, two of the eight states, believed that a 28 percent GST should be applied to all three supplies on the full face value of the bets placed. Gujarat, on the other hand, believed that platform fees should be subject to a 28% tax.

Meghalaya believed that a tax of 28% should be applied to the gross gaming revenue (GGR), platform fees, and commissions that casinos, internet gaming, and horse racing levy. It further implied that the administration of the tax would be made simpler by using a specific mechanism to create a “Escrow Account” for the purpose of pooling prize money for disbursement to winners.

While Goa proposed a 28% tax on casinos’ gross gaming revenue, it stated an 18% GST should be applied on platform fees and other services charged by platform operators.

Goa said that contributions to the prize fund can be considered supplies exempt from GST.


Tamil Nadu and Telangana have proposed that a 28% tax be applied to gross receipts (GGR) if the GST Council determines that the three activities are not actionable claims of betting and gambling.


While recommending a 28% rate on all three suppliers, Maharashtra also stated that there should be no distinction in taxation based on whether the activities are games of skill or chance, and that the valuation criteria should reflect this.

It was suggested that an appropriate reduction be made available for calculating the taxable value of supply of the actionable claim. A claim of debt is the usual term for an actionable claim.

The GoM has delegated the decision about the final taxation rate and valuation to the GST Council due to the members’ differing points of view.

In its initial report, the GoM recommended that a Goods and Services Tax (GST) of 28% be applied to the full value of bets placed. This report was submitted to the GST Council in June 2022. However, Goa voiced some concerns about the report during the 47th GST Council in June of last year, and some other states also asked that it be looked at again.

The GoM was then requested by the GST Council to review all of the report’s concerns. The GoM then convened three times, went on field trips and spoke with business representatives.

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TCS Witnesses First Net Headcount Drop in Two Decades

Tata Consultancy Services

TCS Witnesses First Net Headcount Drop in Two Decades

On Friday, Tata Consultancy Services (TCS) disclosed that during the fiscal year 2023–24 (FY24), the company’s headcount decreased by 13,249 people (year over year). The top provider of IT software has seen a decline in personnel for the first time in 19 years.

601,546 people worked for the company at the end of FY24, according to TCS’s stock exchange filing. The top IT software company has experienced a decline in staff for the first time in 19 years.

As per TCS’s stock exchange statement, the company had 601,546 workers at the end of FY24. In the fourth quarter (Q4) of FY 2024, TCS experienced a 1,759 workforce reduction (January to March).

The company’s headcount has decreased for the third straight quarter with this one. There were 5,680 fewer employees in Q2 than there were in Q1 (quarter over quarter), and the corporation saw a net decline of 6,333 workers.

At Rs 12,434 crore for the January-March quarter of FY24, TCS recorded a 9% increase in net profit over the same time the previous year, when it was Rs 11,392 crore.

Also Read: India Emerges as Global Leader in Web3 Adoption with Over 1,000 Startups: Report

“Our delivery centers are much more lively, and the morale of our associates has increased due to the reduced attrition at 12.5%, the positive response to our campus hiring, the increased customer visits, and the employees returning to the office,” chief HR officer Milind Lakkad said in a statement. To Rs 61,237 crore during the quarter, the company’s revenue climbed by 3.5 percent.

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India Emerges as Global Leader in Web3 Adoption with Over 1,000 Startups: Report


India Emerges as Global Leader in Web3 Adoption with Over 1,000 Startups: Report

According to recent research released on Tuesday, India now boasts one of the biggest Web3 ecosystems globally, home to over 35 million merchants and over 1,000 firms.

Globally, the percentage of Blockchain developers in the nation climbed from 3% in 2018 to 12% last year, the highest percentage among emerging nations, according to a report by Web3 venture capital firm Hashed Emergent.

Tak Lee, CEO and Managing Partner of Hashed Emergent, stated, “The findings underscore India’s remarkable ascent in Web3 adoption and show that it is on a trajectory to become the global leader.”

Lee continued, “We think the regulatory environment is slowly changing in the right direction, but more beneficial regulatory developments are needed to spur growth.”

Out of more than 150 nations, India topped the list for on-chain usage in the previous year.

The Head of Web3 at KPMG in India, Krishna Tyagi, claims that “blockchains have enabled various innovative use cases such as DeFi, tokenization of real-world assets, self-sovereign identities, track and trace, etc., which were not possible earlier.”

Also Read: Report: Over 51% of Indians Utilize Untranslatable Words and Phrases in Their Language

Startups in India are receiving more funding in the Web3 subsectors of infrastructure, entertainment, and finance.

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Report: Over 51% of Indians Utilize Untranslatable Words and Phrases in Their Language


Report: Over 51% of Indians Utilize Untranslatable Words and Phrases in Their Language

According to research conducted on Monday, more than half of urban Indians (approximately 51%) utilize terms or phrases from particular regional languages to express affection or in clever or hilarious circumstances that are difficult to properly translate into English. The study by language learning app Duolingo is based on a poll that was conducted in association with YouGov to ascertain urban Indians’ opinions regarding language and expression.

The results showed that more than half (51%) of Indians frequently use unusual phrases (from other languages) in everyday speech. Regarding phrases or words that convey nuanced meanings that cannot be fully translated or expressed in English, roughly 68% of urban Indians acknowledged this. Similarly, 69% acknowledged that they have used language-specific phrases or words that cannot be fully translated into English to express emotions or feelings (such as happiness or sadness) or to have conversations with family and friends.

Furthermore, 51% admitted to utilizing these idioms to add wit and humor to their conversations or as terms of endearment or love language. Recently, the company celebrated this language diversity by asking users to go on a voyage of linguistic discoveries with the “#EnglishMeinNahiJamta” campaign, which was posted on Duolingo India’s Instagram page. Favorite words from their local languages that become less magical when translated into English were shared by users under the guidance of the lovable characters Duo and Lily.

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“At Duolingo, we understand that languages are more than just communication tools—they’re expressions of culture, emotion, and identity,” says Karandeep Singh Kapany, Regional Marketing Director. Our “#EnglishMeinNahiJamta” campaign, which highlights phrases that defy translation and demonstrate a growing appreciation for linguistic diversity, celebrates this beauty. We enable people to embrace expression, improve lives, and create international relationships through programs like this,” he continued.

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