Dream11 GST Deduction for Users: Here’s How Online Gaming Company Will Ensure Full Amount in User Accounts Via Discount Point System
Recently the government declared that 28% GST for players will be charged on initial deposits. To counter it ahead of the ICC Cricket World Cup 2023, Dream 11 introduced a new discount point system, which will bring back the original full deposit system for the amount deposited by players.
Online gaming platform Dream 11 suffered a big blow and as well as players of the game as Government recently implemented a 28% Goods and Services Tax (GST) for online gaming. However, Dream11 has announced a new discount point system to counterbalance deposit loss for players. The company has decided to provide the players with discount points equal to what was charged as GST. The discount points will act as the currency at face value The deducted amount from GST charges while depositing money in the account will be added as a discount point, making the final account balance the same as the intended amount.
Here’s How Dream 11 Will Ensure Full Amount in User Accounts
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