#Goods and Services Tax

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India eyes $1.7 billion online gambling tax after controversial levy

India is aiming to collect around 140 billion rupees ($1.7 billion) in tax over the next financial year from online gambling operations. As reported by Reuters, Revenue Secretary Sanjay Malhotra set out the proposed return on tax in the 2025 financial year. He indicated the government expects to receive around 75 billion rupees for the current…
Industry
India eyes $1.7 billion online gambling tax after controversial levy
Hindustan Times

India aims to collect $1.7 billion from online gambling tax in FY25

Indian expects to collect up to 140 billion rupees ($1.7 billion) in goods and services tax (GST) next financial year by taxing online gambling companies, Revenue Secretary Sanjay Malhotra told Reuters on Saturday. The government in October imposed a 28% tax on funds that online gaming companies collect from their customers for every bet, shocking…
Finance
India aims to collect $1.7 billion from online gambling tax in FY25
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Business Today

After online gaming firms, GST authorities set sights on casinos

Tax authorities are closely looking into transactions of casinos to examine evasion of goods and services tax (GST) in the past. According to sources, more notices are likely to be sent to casinos in the coming days. The move comes soon after the official notification to levy 28 per cent GST on online gaming, horse racing and casinos. In the case…
Industry
After online gaming firms, GST authorities set sights on casinos
World Casino News

Fun88 Chosen As Best Operator For Online Wagering In India

Following the many shutdowns of well-known operators in India that have taken place recently, Fun88 has quickly came out as the main destination for gaming and online wagering fans in the said country. Additionally, Fun88 offers Indian customers a safe and exciting wagering experience with odds to wager on World Cup, a much-awaited event in the…
Sports
Fun88 Chosen As Best Operator For Online Wagering In India
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The Tribune India

India introduces 28% tax on online gambling sector

Since last July, the government of India has announced its intention to levy a 28 percent tax on funds collected by online gaming companies from their customers. The decision could be considered to become a significant blow to the thriving online gaming sector in India. This decision has also sent shockwaves throughout the gaming community. The 28…
Industry
India introduces 28% tax on online gambling sector
The Hindu

ED attaches assets worth ₹5.87 crore in illegal online gambling case

The Enforcement Directorate has provisionally attached movable properties worth ₹5.87 crore in the form of balances available in the bank accounts of various individuals and entities in a case related to illegal online betting and gambling. The agency's money laundering probe is based on a First Information Report (FIR) registered by the Vivek…
Incidents
ED attaches assets worth ₹5.87 crore in illegal online gambling case
Mint

Parliament clears 28% GST on online gaming, casinos

New Delhi: The Parliament has approved the necessary legislative modifications for implementing the Goods and Services Tax (GST) Council's proposal to levy a 28% tax on the full value of deposits made by individuals to online gaming platforms, casinos, and horse racing clubs. According to a notification issued on Friday, the legislation will be…
Industry
Parliament clears 28% GST on online gaming, casinos
tradebrains.in

Gaming stock falls up to 5% after withdrawing IPO as 28% GST on Casinos will be Implemented from October 01

A gaming company's share price plummeted 8 percent to reach an intraday low of ₹ 181.10 apiece on the National Stock Exchange (NSE) after an announcement in the 51st meeting of the GST Council on August 02, 2023, regarding Goods and Services Tax (GST) on online gaming, casinos and horse racing. At 12:36 PM, Delta Corp's shares were trading at ₹…
Industry
Gaming stock falls up to 5% after withdrawing IPO as 28% GST on Casinos will be Implemented from October 01
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India approves 28% tax on online gaming, horse racing, and casinos; shares of gambling firms slide after decision

The Goods and Services Tax (GST) Council in India has passed a decision to levy a maximum 28% tax on the full face value of bets in online gaming, casinos, and horse racing. The decision was announced at the 50th Council meeting by Union Finance Minister Nirmala Sitharaman. Online gaming companies will now be required to pay a 28% tax on the entire…
Law
India approves 28% tax on online gaming, horse racing, and casinos; shares of gambling firms slide after decision
Gambling News

Lawmakers in India Consider Imposing 28% Tax On Online Gambling

Image Source: Shutterstock.com The growing gambling industry in India may be subject to a new, increased tax rate, following a decision made by lawmakers Tuesday. The country's Goods and Service Tax Council, the regulatory body in charge of recommendations to the implementation of the Goods and Services Tax (GST) confirmed it has agreed to…
Law
Lawmakers in India Consider Imposing 28% Tax On Online Gambling
infotechlead.com

Shares of Indian casino and online gaming cos plummet

The imposition of a 28 percent tax on the money collected from customers by Indian gaming companies, including online gaming firms and casino operators, has had a significant impact on the industry. This move, announced by India's Goods and Services Tax (GST) Council, has resulted in a substantial decline in the value of shares for companies such…
Industry
Shares of Indian casino and online gaming cos plummet
CNA

India's gaming, casino firms slide on tax blow

BENGALURU:Shares of Indian casino operator Delta Corp lost over a fifth of their value on Wednesday, while online gaming firms also dropped after the country's tax authorities imposed a 28 per cent tax on the money such companies collect from customers. These companies will now have to pay a 28 per cent tax on the entire amount collected from…
Finance
India's gaming, casino firms slide on tax blow
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Aljazeera

India hits online gaming with 28% tax

Concerns have mounted over possible addiction and financial losses for players even as sector draws investors. India's government says it will impose a 28 percent tax on funds that online gaming companies collect from their customers in a setback to the $1.5bn industry. Gaming apps are often endorsed by sporting heroes in India, where cricket is a…
Industry
India hits online gaming with 28% tax
Dazeinfo

Indian Online Gaming Market in Doldrums: 28% GST Could Be Disasterous

The latest announcement of a tax increase by the GST council on the online real money gaming industry has sent shockwaves through businesses like Dream11, MPL, Crickpe, Games24x7, and players in the industry. In fact, the move has apparently jeopardised their future growth plans and their existence. The GST council, led by the formidable Union…
Industry
Indian Online Gaming Market in Doldrums: 28% GST Could Be Disasterous
India Blooms

A Chat on Online Gambling and Gaming Laws in India

The legal framework has been dragged along for a long time, and the Public Gambling Act of the 1800s still governs gambling legislation. Moreover, the concept of games of skill and games of chance is subjective, which makes it challenging to regulate online gambling in India. The concept of games of skill and games of chance is subjective, and…
Law
A Chat on Online Gambling and Gaming Laws in India
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Insights On India

Online Gaming: A changing scenario on the cards

Context: Tamil Nadu Assembly re-adopts Bill against online gambling What is Online gaming? It refers to video games/mobile games that are played over the internet through various devices. E.g., multiplayer online battle arena (MOBA) games, first-person shooter (FPS) games, massively multiplayer online role-playing games (MMORPGs), and many…
Industry
CNBC TV 18

Online Gaming Attracts 28% Gst, Government Tells Parliament

The Union Minitry of Finance on Tuesday said online gaming attracts 28 percent Goods and Services Tax (GST) and that there is no proposal under consideration to legalise it. "Actionable claims in the form of betting and gambling including those arising from online gaming attract 28 percent GST and the GST Act does not make the levy dependent on…
Industry
Lexology

New GST implications on online gaming industry- India

The Directorate General of GST Intelligence (DGGI) has issued a INR 21000 crore show-cause notice to the Karnataka based online gaming company, Gameskraft Technologies Private Limited on the pretext of not depositing GST for the period between 2017 and June 2022. Amidst the Gameskarft controversy, the GST Council has constituted a panel of Group of…
Industry
Republic World

'Online betting & gambling subject to 28% GST, legalisation not on cards': Centre tells RS

The Union Ministry of Finance stated on December 20 that there is no intention to legalise online gambling and that it is subject to 28% Goods and Services Tax (GST). "Actionable claims in the form of betting and gambling including those arising from online gaming attract 28% GST and the GST Act does not make the levy dependent on whether it is a…
Incidents
'Online betting & gambling subject to 28% GST, legalisation not on cards': Centre tells RS
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Kashmir Life

GST fail to reach a consensus on online gambling and gaming in India

A proposed blanket tax rate of 28% on goods and services could severely hamper the booming gaming and gambling sector in India. This rate hike on Goods and Services Tax (GST) would be applicable to all types of online gaming. Currently, the GST is 18%, and an increase to 28% is believed to make it unviable for many companies to conduct business in…
Law
GST fail to reach a consensus on online gambling and gaming in India
Business Standard

Online Gaming: Why India needs a central regulatory framework for online gaming?

To bring about uniformity in the industry, the central government is exploring the need for a central regulatory framework. The policymakers have begun consultations and discussions for such a framework, a report by Economic Times (ET) said. The regulator will have power to block unregistered gaming platforms. The operators will reportedly be asked…
Law
Outlook

GST Council Meeting Delayed As States’ Ministers Undecided On Tax Formula On Casinos, Horse Racing And Online Games

The Goods and Services Tax (GST) Council meeting that was scheduled to be held in August this year has been delayed as the group of ministers' (GoM's) report for levying of GST on online gaming, horse racing, and casinos is yet to decide on whether to classify such games as games of skill or games of chance, a senior state government official told…
Finance
GST Council Meeting Delayed As States’ Ministers Undecided On Tax Formula On Casinos, Horse Racing And Online Games
Mint

GST on betting and gambling: Tax structure and liabilities in case of default

Gambling and betting, whether online or offline, are supplies of services as per the goods and services tax (GST) law. Currently, an 18 per cent GST is levied on online Games of skill, while a 28 per cent GST is levied on online games of chance According to Archit Gupta, Founder & CEO, Clear, GST is computed on gross gaming value or stake instead…
Finance
GST on betting and gambling: Tax structure and liabilities in case of default
Financial Express

GST on Online Gaming: GoM to tax casinos, gaming and horseracing separately

The Group of Ministers (GoM) on Monday decided to tax horse racing, online gaming and gambling separately, delivering a win for the gaming industry. While the GoM is still undecided and has seeked legal opinion before submitting the final report of the goods and services tax (GST) levied on the industry, the report will no longer club online gaming…
Finance
GST on Online Gaming: GoM to tax casinos, gaming and horseracing separately
Financial Express

Bengal, UP back 28% GST on full value for online gaming

West Bengal and Uttar Pradesh on Monday supported goods and services tax (GST) on online gaming, horse racing and casinos at a uniform rate of 28% on the full value of the consideration, without making a distinction between games of skill or chance, even as the group of ministers (GoM) on the matter sought legal advice. The GoM will take legal…
Industry
Bengal, UP back 28% GST on full value for online gaming
Business Standard

GoM on casinos, online gaming taxation may finalise report in 7-10 days

A panel of state finance ministers on taxation of casinos and on Monday met and decided to seek legal opinion on valuation criteria for all these segments. The Group of Ministers (GoM) headed by Meghalaya chief minister Conrad Sangma said, "After taking the opinion of stakeholders and after successive meetings to seek the suggestions of all…
Finance
GoM on casinos, online gaming taxation may finalise report in 7-10 days
ABP News Live

Online Gaming Regulation Tamil Nadu Invite Stakeholder General Public Input Legislation Rummy Poker Gambling Nirmala Sitharaman Gom Gst

In order to regulate online gaming, the Tamil Nadu government now seeks input from the public on proposed legislation to control games such as online rummy. The development follows reports of at least 20 deaths by suicide that surfaced recently in the state owing to financial debts stemming from such games, including that of a woman who had to deal…
Rummy Games
Online Gaming Regulation Tamil Nadu Invite Stakeholder General Public Input Legislation Rummy Poker Gambling Nirmala Sitharaman Gom Gst
Brand Equity

View: Policy needs to demarcate the difference between gambling and gaming

The issue with taxing casinos, horse racing and online gaming, which the Goods and Services Tax (GST) Council has tasked a group of state ministers (GoM) with, is the treatment of actionable claims that creditors have on debtors. The GST legislation permits taxing such claims only if these involve'lottery, betting and gambling'. To tax the winnings…
Finance
View: Policy needs to demarcate the difference between gambling and gaming
News18

GST: GoM Meet On Casino, Online Gaming Remains Inconclusive; To Meet Again Next Month

GoM members were all on board on levying a 28 per cent GST on all three activities - online gaming, casinos and race courses. Goods and Services Tax (GST): The group of ministers (GoM) on casinos, online gaming and horse racing, which has been tasked with examining the issue of levying a 28 per cent GST on these activities, met on Tuesday and the…
Industry
GST: GoM Meet On Casino, Online Gaming Remains Inconclusive; To Meet Again Next Month
Financial Express

GST GoM on casinos and online gaming to meet on Tuesday: UP minister

The ministerial panel on casino, race course and online gaming will meet on Tuesday to finalise its report on taxing these activities, ahead of the Goods and Services Tax (GST) Council meeting in the first week of August, Uttar Pradesh finance minister Suresh Kumar Khanna said on Friday while speaking at an industry body Ficci event here. The…
Industry
GST GoM on casinos and online gaming to meet on Tuesday: UP minister
BW Businessworld

GoM On GST For Casinos Online Gaming Horse Racing To Meet On July 12

Uttar Pradesh finance minister, Suresh Kumar Khanna, who is also a member of the Group of Ministers (GoM) formed to advice the government on GST for online gaming, casinos, and horse racing, while addressing a conference by Federation of Indian Chambers of Commerce & Industry (FICCI), said the panel will meet again on July 12. The meeting will…
Industry
GoM On GST For Casinos Online Gaming Horse Racing To Meet On July 12
TalkEsport

GST Council may not increase the tax rate on online gaming, casinos

The GST Council adjourned the Group of Ministers on imposing 28% goods and services tax (GST) on casinos, online gaming, and lottery. The GoM formed under the orders of the GST Council is asked to submit the report on the issue after 15 days. Headed by Meghalaya chief minister Conrad Sangma, the members will review its proposals. The GoM will…
Finance
GST Council may not increase the tax rate on online gaming, casinos
Brand Equity

Group of Ministers may not tweak 28% GST on online gaming, casinos

The group of ministers (GoM) reviewing the goods and services tax slabs for online gaming, horse racing and casinos is unlikely to tweak the 28% rate recommended for these activities, people aware of discussions said. The GST Council has given the GoM, headed by Meghalaya chief minister Conrad Sangma, time till July 15 to review its proposals. The…
Industry
Group of Ministers may not tweak 28% GST on online gaming, casinos
5 Dariya News

Online gaming is gambling like casinos

Union Finance Minister Nirmala Sitharaman on Wednesday categorically termed online gaming "nothing but gambling".Addressing the media at the conclusion of the two-day meeting of the Goods and Services Tax (GST) Council held in Chandigarh, Sitharaman said casinos, horse-racing, and online gaming are all gambling. "Whether it is horse-racing or…
Industry
Online gaming is gambling like casinos
SME Futures

Online gaming gambling no decision on extending GST compensation date

Online gaming gambling: Union Finance Minister Nirmala Sitharaman on Wednesday categorically termed online gaming "nothing but gambling". She also said on the issue of extending the Goods and Services Tax (GST) compensation from June 30, the views of some states were heard so far but nothing was decided. Addressing the media at the conclusion of…
Industry
Online gaming gambling no decision on extending GST compensation date
Punjab News Express

Online gaming gambling, no decision on extending GST compensation date: Sitharaman (Lead)

CHANDIGARH: Union Finance Minister Nirmala Sitharaman on Wednesday categorically termed online gaming "nothing but gambling". She also said on the issue of extending the Goods and Services Tax (GST) compensation from June 30, the views of some states were heard so far but nothing was decided. Addressing the media at the conclusion of the two-day…
Industry
Online gaming gambling, no decision on extending GST compensation date: Sitharaman (Lead)
City Today

GST Council defers 28% tax on casinos, online gaming, horse racing and lottery

Prime News, National, Finance, Taxes, Chandigarh, June 30:- The GST Council on Wednesday (June 29) deferred a decision on levying a 28 percent tax on casinos, online gaming, horse racing and lottery pending more consultations with stakeholders, Union Finance Minister Nirmala Sitharaman said. A group of ministers headed by Meghalaya Chief Minister…
Lottery
GST Council defers 28% tax on casinos, online gaming, horse racing and lottery
Daijiworld

Online gaming is gambling like casinos: Nirmala Sitharaman

Chandigarh, Jun 29 (IANS): Union Finance Minister Nirmala Sitharaman on Wednesday categorically termed online gaming "nothing but gambling". Addressing the media at the conclusion of the two-day meeting of the Goods and Services Tax (GST) Council held in Chandigarh, Sitharaman said casinos, horse-racing, and online gaming are all gambling. "Whether…
Industry
BW Businessworld

GST Council Defers 10 Hike On Online Gaming

The GST rate on casinos, race courses, and online gaming have been subject to much discussion amidst widespread pushback from the online gaming industry, in particular, on the government's recommendation of a blanket hike of Goods and Services Tax (GST) rates on casinos, racecourses, and online gaming from 18 percent to 28 percent. Karnataka Chief…
Industry
GST Council Defers 10 Hike On Online Gaming
Ommcom News

Online Gaming Is Gambling Like Casinos: Nirmala Sitharaman

Chandigarh: Union Finance Minister Nirmala Sitharaman on Wednesday categorically termed online gaming "nothing but gambling". Addressing the media at the conclusion of the two-day meeting of the Goods and Services Tax (GST) Council held in Chandigarh, Sitharaman said casinos, horse-racing, and online gaming are all gambling. "Whether it is…
Industry
Online Gaming Is Gambling Like Casinos: Nirmala Sitharaman
Hindustan Times

Casinos, online gaming, horse racing likely to pay 28 per cent GST: Report

The GST Council in its meeting this week is likely to vet a proposal of the panel of state finance ministers on levying 28 per cent GST on online gaming, casinos and horse racing, sources said. The Group of Ministers, headed by Meghalaya Chief Minister Conrad Sangma, has recommended that online gaming should be taxed at full value of the…
Industry
Casinos, online gaming, horse racing likely to pay 28 per cent GST: Report
Mint

Highest tax slab on online gaming may stunt growth

NEW DELHI: The government's plan to levy the highest goods and services tax (GST) slab on online gaming has the industry worrying about future growth plans. Industry experts and executives said that it could stunt the growth of online gaming firms and force fantasy sports firms to reduce the prize pools they offer, which could drive their big users…
Finance
Highest tax slab on online gaming may stunt growth
Daily Excelsior

28 pc GST likely on Casinos, Online gaming

NEW DELHI, June 26: The GST Council in its meeting this week is likely to vet a proposal of the panel of State Finance ministers on levying 28 per cent GST on Online gaming, casinos and horse racing, sources said.The Group of Ministers, headed by Meghalaya Chief Minister Conrad Sangma, has recommended that online gaming should be taxed at full…
Industry
28 pc GST likely on Casinos, Online gaming
Business Standard

28% GST likely on casinos, online gaming and horse racing: Report

The GST Council in its meeting this week is likely to vet a proposal of the panel of state finance ministers on levying 28 per cent GST on online gaming, casinos and horse racing, sources said. The Group of Ministers, headed by Meghalaya Chief Minister Conrad Sangma, has recommended that online gaming should be taxed at full value of the…
Industry
28% GST likely on casinos, online gaming and horse racing: Report
Zee News

28% GST likely on casinos, online gaming, horse races on gross revenue: Report

New Delhi: The GST Council in its meeting this week is likely to vet a proposal of the panel of state finance ministers on levying 28 per cent GST on online gaming, casinos and horse racing, sources said. The Group of Ministers, headed by Meghalaya Chief Minister Conrad Sangma, has recommended that online gaming should be taxed at full value of the…
Finance
28% GST likely on casinos, online gaming, horse races on gross revenue: Report
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Gambling News

India Plans to Introduce 28% Tax on Online Gambling

India is not the warmest place if you are a gambling company. The country is currently in the midst of discussing a legislative change that would increase the law applied to online gambling operators to 28% of the face value of each bet. This is done to bring online gambling in line casinos and horse racing, which are taxed at the same…
Finance
India Plans to Introduce 28% Tax on Online Gambling
Business Standard

GoM calls for 28% GST on online gaming, casinos; tax likely on face value

An empowered group of ministers (GoM) - set up to look into taxation of online gaming, casinos and races - has unanimously proposed a flat 28 per cent goods and services tax (GST) on these activities. The panel of ministers, which met on Wednesday, also decided that the tax will be levied on the entire "face value" or "bet amount" and not on the…
Finance
Mint

Online Gaming, Casino, Horse Racing To Soon Attract 28% Gst

18 May seems to be a D-Day for the online gaming sector as the Group of Ministers (GoM) has unanimously decided to impose 28% Goods and Services Tax (GST) on casino, race course and online gaming services. All kinds of online gaming will attract a GST of 28%, according to a CNBC-TV18 report. The structure on which GST will be levied has also been…
Industry
Online Gaming, Casino, Horse Racing To Soon Attract 28% Gst
Outlook

28 Percent GST On Online Gaming? Industry Reckons May 18 Could Be 'Doomsday'

May 18 could be D-Day for the online gaming sector. More specifically, for the real money gaming domain that operates in India in various "skill-based" forms like fantasy cricket, rummy, poker, roulette, ludo, and even snakes and ladders! () For years, the Centre has deflected the issue of gambling/betting to the states under whom the matter lies…
Industry
Brand Equity

States, take a chance on online gaming

A group of ministers set up to advise the Goods and Services Tax (GST) Council on taxing casinos, race courses and online gaming is looking at whether to increase the tax rate they are subject to and the valuation of the business. The current 18% tax rate is based on the premise that online games involve skill and do not constitute gambling. And it…
Industry
States, take a chance on online gaming
Zee News

Is it legal to play Online Satta King or Satta Matka game in India? Know here

New Delhi: Satta King or Satta Matka game, which is quite popular among the working class in the country, is often confused with lotteries or online fantasy games. Satta King or Satta Matka game can be losely translated as betting or gambling game. But Gambling is illegal in India. Ever since the British government introduced the Public Gambling…
Finance
The Free Press Journal

Online gaming industry pitches for retaining 18% GST

At present, services of casinos, horse racing, and online gaming attract 18 percent GST./Representative image | The online skill-based gaming industry has made a case for retaining the service under the 18 percent GST slab instead of putting it into the highest 28 percent tax rate category, saying the move will badly hit the $2.2-billion…
Industry
Online gaming industry pitches for retaining 18% GST
CNBC TV 18

Online Gaming Industry Urges Government To Retain 18% Gst

The online skill-based gaming industry has made a case for retaining the service under the 18 percent GST slab instead of the 28 percent tax rate category, saying the move will badly hit the $2.2-billion sector. The increase in taxation would not only have a catastrophic impact on the industry, but also encourage offshore operators who would…
Industry
Online Gaming Industry Urges Government To Retain 18% Gst
Devdiscourse

Online gaming industry pitches for retaining 18 pc GST

The online skill-based gaming industry has made a case for retaining the service under the 18 percent GST slab instead of putting it into the highest 28 percent tax rate category, saying the move will badly hit the USD 2.2-billion sector. The increase in taxation would not only have a catastrophic impact on the industry but also encourage offshore…
Industry
Online gaming industry pitches for retaining 18 pc GST
Brand Equity

GoM likely to moot flat 28% GST slab for online gaming

A group of ministers (GoM) tasked by the Goods and Services Tax Council to look into taxation of online gaming, races and casinos is likely to suggest a flat rate of 28%.A final recommendation on the rate, as also on whether the levy should be on the gross gaming revenue or per transaction, is likely to be made when the GoM meets again next week,…
Industry
GoM likely to moot flat 28% GST slab for online gaming
Punjab News Express

Single tax rate for online gaming ‘desirable’ to avoid litigation: report

In May, a seven-member group of ministers (GoM) was convened by the GST Council to examine and address taxation issues related to the online real money games India sector. One of the issues was the different tax rates levied to the segments under the umbrella of gambling. For instance, the standardized goods and services tax (GST) places a 28…
Finance
Single tax rate for online gaming ‘desirable’ to avoid litigation: report
Firstpost

Karnataka Assembly passes three bills related to GST, town planning and online gambling

The Karnataka Goods and Services Tax (Amendment) bill, according to the state Law and Parliamentary Affairs Minister J C Madhuswamy, was in tune with the changes brought by the Central government to the Central GST law Representational image. AFP Bengaluru: The Karnataka Assembly on Tuesday passed Karnataka GST (Amendment) Bill, Town and Country…
Finance
Karnataka Assembly passes three bills related to GST, town planning and online gambling
Outlook

Karnataka Assembly passes three bills related to GST, T&P and online gambling

Bengaluru, Sep 21 (PTI) The Karnataka Assembly on Tuesday passed Karnataka GST (Amendment) Bill, Town and Country Planning (Amendment) Bill and the Karnataka Police (Amendment) Bill. The Karnataka Goods and Services Tax (Amendment) bill, according to the state Law and Parliamentary Affairs Minister J C Madhuswamy, was in tune with the changes…
Finance
TaxScan

Playing Online Casinos? Know the Tax Implications

India's vast betting market remains unregulated and largely untaxed. The Union budget is struggling to cope with the effects of the global pandemic and runs on large deficits. Taxing online casinos and gambling seems an obvious solution. The outdated Public Gaming Act of 1867 sets up the foundation of gambling levy requirements and categories;…
Finance
Playing Online Casinos? Know the Tax Implications
The Shillong Times

GST Council Sets to Tackle Ambiguous Taxability Issues of Casino and Online Gaming Platforms

Navigating the complex and dynamic Indian legal, taxation and court practice landscape concerning activities like betting, gambling and lottery requires the help and expertise of top specialists. The government is taking steps to assess the situation in view of recommending regulatory changes. India's Goods and Services Tax (GST) Council has formed…
Law
GST Council Sets to Tackle Ambiguous Taxability Issues of Casino and Online Gaming Platforms
The Hans India

Legalizing gambling in India-here's why it's necessary

As the popularity of online gambling continues to explode-not just in mobile-first India, but also globally-amid the ongoing coronavirus lockdowns, one important question lingers: when is the right time to regulate the industry? Regulation, market oversight'absent' in India: study A new research carried out by H2 Gambling Capital on behalf of The…
Law
Legalizing gambling in India-here's why it's necessary
The Week

Panel of State Ministers Examines Casino and Online Gaming Services for GST Purposes

The Union's GST Council is waiting for the report on casinos, online gaming and horse racing by the new body of state ministers. In addition to valuation of services and taxation matters, the report will also look into current legislation and administration processes. Industry welcomes any steps towards regulation, while India comes out last in a…
Industry
Panel of State Ministers Examines Casino and Online Gaming Services for GST Purposes
Hindustan Times

How can gambling taxation help during COVID in India?

Legislation concerning the indirect Goods and Services Tax (GST) expressly sets a separate category of casinos, racecourses and other gambling channels, requiring them to charge a rate of 28 per cent on all their entry fees, products and services. By HT Brand Studio India's vast betting market remains unregulated and largely untaxed. The Union…
Covid
How can gambling taxation help during COVID in India?
Indian Television

What's the tax for online gambling?

As the deadline for filing income tax returns in India looms closer, many people are rushing to file their ITRs this month. The Central government has extended the deadline to December 31, 2020, and all taxpayers-yes, even online gambling players-need to submit their forms by that date, or a hefty fine awaits them. This doesn't include players who…
Finance
What's the tax for online gambling?
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