India's GST Council announces 28% turnover tax on online gambling, casino, and horse race betting
India's Goods and Services Tax Council (GST) has announced a flat 28% turnover tax on online gambling, casinos, and horse race betting, leading to industry criticisms
India's Goods and Services Tax Council (GST) announced a flat 28% turnover tax for online gambling, casino, and horse race betting during its 50th meeting.
The tax, applicable to the full-face value of bets rather than gross gaming revenue (GGR), will be implemented after legislative amendments.
The All India Gaming Federation criticized the tax rate as detrimental to the industry, claiming it will increase liability by 400-500%, potentially lead to job losses, and push players towards unlicensed operators.
The tax comes following a series of regulatory changes in India's online gambling market earlier this year, including the introduction of self-regulatory bodies.