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Gaming

GST effect: Playwin announces 30% hike in lottery ticket price

Playwin, one of the leading private lottery distributors in the country has announced a 30% hike in its lottery ticket prices effective today, as per a public announcement on their Twitter page. Playwin, which is the lottery brand of Rajya Sabha Member of Parliament Subhash Chandra-led Essel Group, took the decision to hike lottery ticket […]

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Business Gaming

Kerala FM hails GST rate on lottery tickets, private operators federation expresses unhappiness

Kerala Finance Minister Thomas Isaac expressed satisfaction at the Goods & Services Tax (GST) rate on lottery tickets and said that Kerala played a major role in getting a differential rate on lotteries run directly by state governments and those authorised by state governments but marketed by private distributors. “Kerala’s role in formulating the GST […]

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Legal & Regulatory

GST Council decides dual rate structure for lotteries: 12% for state-run lotteries, 28% for state authorised private lotteries

Union Finance Minister Arun Jaitley  announced a dual GST rate for lottery tickets in a press conference after the GST Council meeting today.  Jaitley noted that GST on lottery tickets was one of the most contentious and hotly debated topics in the GST council and several hours were spent discussing the issue. While the government of […]

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Business Gaming

GST council announces 28% tax on casinos and betting; 18% tax likely on skill games; lottery tax yet to be announced

The GST Council, a constitutional body has announced tax slabs for most goods and services in the council meeting held in Srinagar on 18th and 19th May. As widely predicted, gambling and totalisator services provided by a race course as well as betting with licensed bookmakers in race courses have been placed in the 28% […]

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Business Gaming

Government likely to set 28% GST rate for lottery tickets

It seems that the central government has made up its mind to put lotteries in the highest GST slab of 28 per cent, as per a recent report in the Economic Times. The report quotes sources as saying that both lotteries and gambling would be kept in the highest tax bracket. The model law for […]

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Business Gaming

Betting & gambling may attract higher GST rate says Revenue Secretary

Union Revenue Secretary Dr. Hasmukh Adhia in an interview to the Indian Express today stated that activities such as betting and gambling could attract  Goods & Services (GST) tax rate higher than 18 per cent. Adhia noted that while most services could attract a GST rate of 18 per cent, services which at present along […]

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Business Gaming

Turf Club delegation meets Finance Minister to discuss GST implications on horse-betting

Horse-racing clubs in India has for the past few months been worried about the implications of the new Goods and Services Tax (GST). GST, touted to be the largest indirect tax reform in India since independence, will subsume all indirect taxes. Taxes on skill gaming, gambling, betting, casinos, lotteries etc. will be part of GST, […]

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Business Gaming

AIGF makes representation to GST Council for reasonable tax structure

Since it is now clear that the Goods and Services Tax that would be introduced in April 2017 and will subsume all gaming, betting and lottery taxes, the All India Gaming Federation (AIGF) has filed a representation with the GST Council to provide for a standard or low rate to tax the gaming, skill gaming, betting and […]

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Business Gaming

Passage of GST Bill to dramatically alter the taxation structure of gaming and lottery industries

The passage of the Constitution (122nd Amendment) Bill, 2016 by both the Houses of Parliament and the central government’s announcement of its intention to implement a uniform ‘one nation, one tax’, i.e. the Goods and Services Tax (GST) by 1st April 2017, will dramatically alter the taxation structure of gaming, betting and lottery as well as online skill […]

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Business Gaming

Delta Corp, Pride Group Contribute Rs. 51 Lakhs each for Goa’s Fight Against COVID-19

Goa’s leading casino operators, Delta Corp (Deltin Group) and Pride Casino Group have contributed Rs. 51 lakhs each to the Goa Chief Minister’s Relief Fund to support the state government’s fight against COVID-19. Delta Corp’s President-Operations Anil Malani and Pride Group’s Managing Director Shrinivas Nayak handed over cheques of Rs. 51 lakhs each to Chief […]