India Plans to Introduce 28% Tax on Online Gambling

Author: Live Casino Direct
 
India Plans to Introduce 28% Tax on Online Gambling
Super Slots

India is considering a law change that would increase the law applied to online gambling operators to 28% of the face value of each bet.

Lawmakers agree that online casinos and their gambling companies should pay at least as much, if not more, in tax. The changes will come as part of a new goods and services tax or GST. It is proposed to apply the tax to chips bought prior to gambling at casinos, and not on individual transactions. Horse racing tax should remain at 28%.

Goa and Sikkim have been collecting a 28% tax on the face value of bets since 2017. The average revenue fell from INR18 million ($230,000) to INr7.2 million $93,00 in 2022. It's unclear how the 28%.% of the bet amount will be applied to online gambling.

Focus Gaming News Focus Gaming News 7 days
@FocusGamingNews

- #India: GST Council likely to consider #gambling tax this week A goods and services tax (GST) of 28 per cent for #onlinegaming, racecourses, and #casinos is likely to be discussed this week.

Casino News Casino News 2 days
@CasinoNews6

5 Biggest horse races in India

Gambling Baba Gambling Baba 7 days
@babaisgambling

GamblingBaba par aapko milenge sirf 100% genuine, thoroughly tested and compared online casinos in India 🇮🇳. Aaj hi hamara Telegram channel join karo or jano sab kuch India me online gambling ke bare me. Join NOW:

GamblingBaba par aapko milenge sirf 100% genuine, thoroughly tested and compared online casinos in India 🇮🇳.

Aaj hi hamara Telegram channel join karo or jano sab kuch India me online gambling ke bare me.

Join NOW: