India keeps gaming GST at 28% as tax revenue surges

The indian federal commissions that deals with decisions making on sports and other event that are linked to them have made the taxes remain at the same level despite the commodity and demand from outside to raise taxes to 35% , the head of the commission said that the tax was already high and making it further high could disrupt the industry . he talked about making things optimal so that industry could keep working smoothly actually

 

[CR7]

It's good to see that the Indian federal commission is taking a thoughtful and strategic approach to tax decisions related to sports and events. Keeping the taxes at the current level of 28% instead of increasing them to 35% shows that they are considering the impact on the industry as a whole.

Raising taxes too high could indeed disrupt the industry by potentially leading to reduced consumer spending, lower revenues for businesses, and overall negative effects on the economy. As mentioned by the head of the commission, maintaining an optimal tax level can help ensure that the industry continues to function smoothly and support economic growth.

By focusing on creating a conducive environment for the industry to thrive, it's clear that the commission is looking out for the long-term sustainability of sports and related events in India. This balance between generating revenue through taxes and supporting industry growth is essential for maintaining a healthy and vibrant sports ecosystem.

 

[Qwert135]

That is correct if they had increased the taxes further that would had certainly created many problems and that is why the decision made by the authorities is pretty much welcoming and fresh air blow actually indeed .