Introduction: The GST Council in India convenes periodically to discuss and refine tax structures. Each meeting brings forth a mix of positive and negative developments, often revealing new ironies and fallacies within the economy. This article sheds light on certain inconsistencies, focusing on the taxation of non-branded atta or wheat, the exemption of cricket games like IPL from GST, and the associated revenue generation. Taxing Essentials, Exempting Entertainment: One of the glaring ironies in the Indian tax system is the imposition of GST on non-branded atta or wheat, an essential commodity consumed by the poor. Despite the burden on those struggling to make ends meet, cricket, a form of entertainment, remains exempt from GST. The Board of Control for Cricket in India (BCCI), the governing body of cricket in India, enjoys tax-free status despite being the wealthiest cricket governing body globally. Example: A daily wage laborer, s...
The Indian Premier League (IPL) is a spectacle that captivates millions of viewers with its thrilling matches and star-studded teams. However, there's a less glamorous side to this sporting extravaganza that often goes unnoticed: the pervasive advertising of products that are detrimental to our health. Watching just one IPL match can expose you to a barrage of advertisements promoting what can be termed as 'sin products'. These are products that, while legal, can have harmful effects on our health and well-being. Here are a few examples: 1. The Glamorization of Betting | Gaming : The IPL has seen a surge in advertisements promoting betting platforms. A slew of startups in this field has emerged, with many prominent players and celebrities endorsing them on screen. These advertisements often portray betting as a thrilling and lucrative activity, subtly encouraging viewers to partake in it. Example : Consider the advertisements featuring famous cricketers endorsing onli...