- Kerala Governor Arif Mohammed Khan approved an ordinance to revise the state’s GST laws on gambling
- The revision aligns with the 50th GST Council’s decision for a 28% GST on casinos, horse racing, and online gaming bets
- The GST will be applied to the initial bet value, excluding winnings
- Concerns over tax evasion have led to 71 show cause notices being issued to online gaming entities
- The ordinance aims to increase tax revenue and tighten regulatory framework in the gambling sector
- The introduction of a 28% GST on online gaming is expected to have a significant impact on India’s online casino and gambling industry
- Gaming companies will need to cope with operational changes and compliance hurdles, as well as retrospective tax liabilities
- The GST increase could result in higher costs for the gaming industry and potentially reshape player demographics
- Legal safeguards promise a safer gaming environment, addressing concerns about fairness and transparency
- The Kerala GST Department has issued guidance for filing appeals in the absence of a functional GST Appellate Tribunal.
Source: news.caclubindia.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
