{"id":6883,"date":"2023-07-12T18:06:06","date_gmt":"2023-07-12T12:36:06","guid":{"rendered":"https:\/\/bscrackers.com\/?p=6883"},"modified":"2023-07-12T18:06:06","modified_gmt":"2023-07-12T12:36:06","slug":"crickpe-28-gst-on-online-gaming-ashneer-grovers-advice-to-startups-founders","status":"publish","type":"post","link":"https:\/\/bscrackers.com\/?p=6883","title":{"rendered":"Crickpe: 28% GST on online gaming: Ashneer Grover&#8217;s &#8216;advice&#8217; to startups founders"},"content":{"rendered":"<p> [ad_1]<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/static.toiimg.com\/photo\/msid-101700254,imgsize-50754.cms\" \/><\/p>\n<div>The <!-- -->Goods and Services Tax Council<!-- --> agreed to levy a 28% tax on full face value on online gaming, casinos and horse racing. The decision attracted strong discontent from the online gaming industry, including BharatPe co-founder <!-- -->Ashneer Grover<!-- -->. Mounting his attack on the government, he said that it was time for startup founders to enter politics and be represented.<br \/>&#8220;RIP &#8211; Real money gaming industry in India. If the govt is thinking people will put in Rs 100 to play on Rs 72 pot entry (28% Gross GST); and if they win Rs 54 (after platform fees)- they will pay 30% TDS on that &#8211; for which they will get free swimming pool in their living room come the first monsoon &#8211; not happening ! [sic.]&#8221; Grover said in a tweet.<br \/>&#8220;It was good fun being part of the fantasy gaming industry &#8211; which stands murdered now. $10 Bn down the drain in this monsoon. Time for startups Founders to enter politics and be represented &#8211; or this is going to be spate industry after industry,&#8221; he added Grover<br \/>Grover launched his own fantasy gaming named <!-- -->Crickpe<!-- --> in April this year. The game allows users to create a virtual team of cricketers based on their current forms. The gamers then earn points and win cash prizes based on the performance of those cricketers in real matches.<br \/>According to the council, there should be no distinction between a \u201cgame of skill\u201d and \u201cgame of chance\u201d \u2013 that closes a loophole that allows fantasy sports companies to justify their offerings as skill-based.<br \/><span class=\"strong\">Grover continues attack<\/span><br \/>He said that he would love to see the government introduce 28% GST and 20% TCS on land purchases. <br \/>&#8220;India is super fun! Super ironic! Uncles sipping on their drinks, smoke in hand, bragging about how they made their fortunes in land speculation &#8211; by putting their cash to good use, planning their next Casino trip to Macau and passing judgement on online gaming and how its spoiling the youth,&#8221; he added.<br \/>Grover further mounted his attack on BCCI saying why was the cricket board allowed to take Dream 11 (a popular fantasy game that has the same concept as the Crickpe).<br \/>&#8220;Also why judgement on online gaming now ? Everyone from Virat Kohli to MS Dhoni to Sourav Ganguly have endorsed online gaming. Why was India public \/ Govt \/ BCCI not outraged by all cricketers endorsing ? Why was [the] BCCI allowed to take Dream 1 as title sponsor? Sab Doglapan hai &#8211; Tech founders are dispensable &#8211; that\u2019s the only truth, [sic.]&#8221; he added.<\/div>\n<p><script>!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) \n      if (!isFBCampaignActive) \n        return;<\/p>\n<p>      (function(f, b, e, v, n, t, s) \n        if (f.fbq) return;\n        n = f.fbq = function() \n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        ;\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      )(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    ;<\/p>\n<p>    function loadGtagEvents(isGoogleCampaignActive) \n      if (!isGoogleCampaignActive) \n        return;<\/p>\n<p>      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) \n        return;<\/p>\n<p>      (function(f, b, e, v, n, t, s) \n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      )(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    ;<\/p>\n<p>    window.TimesApps = window.TimesApps || ;\n    var TimesApps = window.TimesApps;\n    TimesApps.toiPlusEvents = function(config) \n      var isConfigAvailable = \"toiplus_site_settings\" in f && \"isFBCampaignActive\" in f.toiplus_site_settings && \"isGoogleCampaignActive\" in f.toiplus_site_settings;\n      var isPrimeUser = window.isPrime;\n      if (isConfigAvailable && !isPrimeUser) \n        loadGtagEvents(f.toiplus_site_settings.isGoogleCampaignActive);\n        loadFBEvents(f.toiplus_site_settings.isFBCampaignActive);\n       else \n        var JarvisUrl=\"https:\/\/jarvis.indiatimes.com\/v1\/feeds\/toi_plus\/site_settings\/643526e21443833f0c454615?db_env=published\";\n        window.getFromClient(JarvisUrl, function(config)\n          if (config) \n            loadGtagEvents(config?.isGoogleCampaignActive);\n            loadFBEvents(config?.isFBCampaignActive);<\/p>\n<p>        )<\/p>\n<p>    ;\n  })(\n    window,\n    document,\n    'script',\n  );<\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/gadgets-news\/higher-gst-on-online-gaming-ashneer-grovers-advice-to-startups-founders\/articleshow\/101700248.cms\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] The Goods and Services Tax Council agreed to levy a 28% tax on full face value on online gaming, casinos and horse racing. The decision attracted strong discontent from the online gaming industry, including BharatPe co-founder Ashneer Grover. Mounting his attack on the government, he said that it was time for startup founders to &#8230; <a title=\"Crickpe: 28% GST on online gaming: Ashneer Grover&#8217;s &#8216;advice&#8217; to startups founders\" class=\"read-more\" href=\"https:\/\/bscrackers.com\/?p=6883\" aria-label=\"Read more about Crickpe: 28% GST on online gaming: Ashneer Grover&#8217;s &#8216;advice&#8217; to startups founders\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":6884,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[107],"tags":[],"class_list":["post-6883","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech"],"_links":{"self":[{"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/posts\/6883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6883"}],"version-history":[{"count":0,"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/posts\/6883\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/media\/6884"}],"wp:attachment":[{"href":"https:\/\/bscrackers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}