GST

“GST revenues are very hard to fudge because we do the value chain kind of settlement, not on a monthly basis, not even on an invoice basis, but on a line item of an invoice basis.”

“That will not reduce your tax collection because 95% of the tax is collected from the organized sector. Only five percent is collected from others. And Jaitley famously said five percent units pay 95% of the tax. 95% pay only five percent of the tax.”

“So we would have a hundred million registered users. So in the casual gaming pay to play segment, we will by far the market leaders. So we have raised around hundred thirty million dollars profitable even. Post the GST 28% shift because we have built very fund…”

“And apart from maintaining a stable tax rate, direct tax rate, and excise rates, what he failed to get was he could not get the kind of consensus building on GSD. He did not. But his implementation of the state value added tax was very very efficient”

“Now the latest tax on the GST is 28% on deposits, which was earlier 20. I mean, gaming companies were paying 18% on their rake, right?”

“Electric vehicles at five percent GST, but a battery pack, right? Batteries are at 18%, right? So it's also hard, A, for a lot of companies only making electric vehicles where they'll have an inverted duty structure, because the input will over time be more th…”

“We are getting formalized as an economy, and formal economy is more expensive than an informal economy. I think that's playing around a little bit. For the first time, the formalization is quite complete now. Yeah. And that is, that means 18% extra. And I thin…”

“Steppen has this Runaway sneaker breeding problem because there's no burn mechanism in place for getting rid of all of the excess sneakers. Like people are minting and minting and minting. And so eventually they're all going to become worthless, or you're goin…”