GST Council decides not to change 28% taxation on all forms of gambling
Thursday 07 de July 2022 / 06:07
2 minutos de lectura
(India).- The Goods and Services Tax (GST) Council has asked a ministerial panel drawing up GST slabs on gambling to review a limited point about the application of the proposed 28% rate on the use of chips bought in a casino. Chips serve as currency on the casino floor and can be used for purposes other than trying one's luck, such as ordering a drink.
This is a distinction that casinos enjoy over other forms of gambling like horse-racing and online gaming, where the highest GST slab has been recommended on the platform fee as well as the prize money. Arguments made against this veer around excessive taxation pushing these activities beyond Indian jurisdiction where the incidence of tax is not as onerous.
This is a distinction that casinos enjoy over other forms of gambling like horse-racing and online gaming, where the highest GST slab has been recommended on the platform fee as well as the prize money. Arguments made against this veer around excessive taxation pushing these activities beyond Indian jurisdiction where the incidence of tax is not as onerous.
The online gaming industry has sought to delineate games of skill and chance it serves up. High courts in several states have overturned blanket bans on online gaming as the latter did not distinguish between the two and this may call for differential tax treatment. The issue is further complicated by the preponderance of skill in games that involve the exchange of money. There is also a case made out for expanding the ecosystem for augmented reality and virtual reality, which are driving user engagement on the internet as social engagement plateaus.
Tax can be as blunt a tool in regulating gambling as a ban. The interests of this segment would be better served by a gaming commission better qualified to look into aspects of concern of financial regulators, such as money laundering.
Categoría:Legislation
Tags: Sin tags
País: India
Event
SBC Summit Americas 2025
13 de May 2025
Uplatform Aims to Redefine iGaming Success with Networking, Localization, and Customer Journey Mapping
(Fort Lauderdale, SoloAzar Exclusive).- At SBC Summit Americas, Uplatform emphasized the power of strategic networking, data-driven localization and CJM to help operators thrive in the competitive iGaming market. María, Head of Marketing, shares how understanding regional nuances and focusing on overlooked player touchpoints can elevate brands from mere presence to lasting trust. Dive into her insights on industry trends, innovation, and why creativity is a rare gem in expos.
Monday 16 Jun 2025 / 12:00
ProntoPaga Drives the Fintech Revolution with SmartPIX and SmartRouting in LATAM
(Fort Lauderdale, SoloAzar Exclusive).- Evans Concha, CTO and Founder of Pronto Paga, shared the main innovations launched this year and how they impact the regional fintech industry. With a firm commitment to new technologies and cybersecurity, the company is positioning itself as a leader in the sector. Discover how it is redefining the future of digital payments in this article.
Friday 13 Jun 2025 / 12:00
Pay4Fun consolidates its position as a 100% Pix Payment Gateway and expands its reach in LatAm
(Fort Lauderdale, SoloAzar Exclusive).- Pay4Fun strengthens its position as a 100% Pix payment gateway with direct integration with the Central Bank, guaranteeing maximum security and efficiency in transactions. At SBC Summit Americas, Leonardo Baptista highlights the role of networking and innovation in an environment where technology and regulation are key. Discover how Pay4Fun is shaping the future of digital payments.
Thursday 12 Jun 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.