PrestLoans

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PrestLoans

PrestLoans

@prestloans

New age tech driven RBI regd NBFC helping businesses by providing easy, quick n hassle free loans. 'Power Your Business'.

New Delhi, India Katılım Kasım 2016
47 Takip Edilen963 Takipçiler
PrestLoans
PrestLoans@prestloans·
@puneetiitm This is shocking! More importantly, this will encourage illegal Satta (betting) through unofficial channel and govt will earn nothing!! Whereas here they would have earned decent tax. Seems offline cartel is stronger than corporate structure!!
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Puneet Kumar
Puneet Kumar@puneetiitm·
Three punches in a row. First, GST on online gaming jumped to 28% on deposits. Dream11 took the hit and rebuilt the business. Then the government banned real-money gaming. They took the hit again and pivoted to sports and stocks. Today, the courts upheld retrospective GST — paying tax on years of past operations under rules that didn't exist at the time. No company survives a third punch like that. It will wipe out the whole industry. @harshjain85 and the @Dream11 team built something super special. They complied with every rule, always looked after their users, absorbed every increase, and never asked for sympathy. Just kept building. What got upheld today doesn't punish bad actors. It punishes builders. The silence on Twitter is the most depressing part of all this. I really hope the government reconsiders — there is still a way to save this industry and the people who built it.
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