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The Enforcement Directorate has attached Rs 212.91 crore proceeds of crime (PoC) in cases where online betting and gambling sites/apps were used for money laundering and hawala transactions, Parliament was informed on Tuesday. In a written reply in the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary said the Directorate of Enforcement…

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…

has attached Rs 212.91 crore proceeds of crime (PoC) in cases where online betting and gambling sites/apps were used for money laundering and hawala transactions, Parliament was informed on Tuesday. In a written reply in the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary said the Directorate of Enforcement is investigating several…

The Enforcement Directorate has attached Rs 212.91 crore proceeds of crime (PoC) in cases where online betting and gambling sites/apps were used for money laundering and hawala transactions, Parliament was informed on Tuesday. In a written reply in the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary said the Directorate of Enforcement…

With increased access to technology, online gambling has become big business globally and India is no exception as Asia's foremost economy. However, despite the lucrative economic opportunity, governments globally have struggled to legislate the sector in such a way that they can take advantage of the revenue-generating potential of the industry…

The Group of Ministers (GoM) reconstituted to examine taxation of casinos, racecourses, and online gaming recently met with industry bodies and leading operators to discuss the valuation approach for GST in online gaming and attempted to understand how online skill gaming is different from betting and gambling. The GoM heard the legal distinction…