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The DESH Bill came into the picture as the Indian government looked to become more compliant with norms laid down by World Trade Organization (WTO).
The ministries of finance and commerce & industry have been in discussions on the DESH bill for more than a year. Partial de-notification of zones, sales to DTA, concessional corporate tax for them and removal of net foreign exchange earning requirement have been some of the sticky issues between the two ministries.
While countries such China, South Korea, Taiwan and Vietnam have been able to develop huge economic clusters that enable growth, India has failed so far. Here’s what needs to change
The revenue secretary says it is in the interest of gaming companies to follow the GST law as the government sees it and pay 28% tax on the full value of bets
The company is also looking forward to a bullish expansion of industrial clusters across Pune and Chennai.