![]() ![]() The official took into account the lndia’s Goods and Services Tax Council‘s recently implemented 28% tax on the total value of casino deposits and bets placed for land-based casinos, online gaming and horse racing betting facilities to come up with a US$ 12 billion figure anticipated for collection by the authority. As reported, the GST Council’s delayed request for payment expects to collect around US$12 billion in tax revenues as the gaming operators are referring to state courts requesting tax payments different to those proposed by the Council.Īs Inside Asian Gaming (IAG) reports, the expected tax revenue figure revealed by a state official is based on a tax collection model referring to the gambling operators’ handle rather than gross generated revenues. India’s governmental body Goods and Services Tax (GST) Council has sent out a notice to the country’s land-based casinos and online gaming platforms to make payments of the goods and services tax for the financial year 2018. Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, World Casino News, Online gambling regulation, Gaming Industry News, India, Economy/Finance, Horse Racing, Asian Casino News, Taxation, Sports betting, Online Gambling News, Fines, Lawsuits & Litigation Betting on sports futures, props and lay bets. ![]()
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