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Asia Casino News │ ACN东方博彩新闻

Asia Casino News outlet for Online Gaming and Gambling Industry in Asia.

India proposes GST tax hike for online gambling firms

May 19, 2022 India Crime & LegalIndustry Updates

India is proposing to hike tax for online gambling firms to 28 percent of the face value of a bet, bringing the nascent industry in line with casinos and horse racing.

According to Business Times, which cites unnamed sources, the proposed new goods and services tax (GST) is some 10 percent above the current levels.

The federal GST Council, which is headed by Finance Minister Nirmala Sitharaman, has been deliberating the country’s tax rates for the gambling industry for some time. It had been hoped that the council may lighten the tax load.

Source: https://agbrief.com/news/india/18/05/2022/india-proposes-gst-tax-hike-for-online-gambling-firms/
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