Online Betting

Fantasy sports platform Dream11 has filed a petition in the Bombay High Court challenging the levy of 28 per cent GST retrospectively on bets placed on its platform.

The Enforcement Directorate has frozen and seized assets worth Rs 417 crore in connection with the Mahadev online betting case, officials said on Friday.

The central government on Friday warned media outlets against publishing or displaying advertisements of online betting platforms, failing which they would face legal action.

Domestic online gaming companies will be required to deduct 28 per cent GST on bets placed from overseas locations, including by foreign players, as such bets will also be treated as actionable claims.

Parliament on Friday approved amendments to the Central and Integrated GST laws to levy 28 percent tax on the full face value of bets in online gaming, casinos and horse race clubs. The CGST amendment bill defines 'online gaming' as a game on the internet or an electronic network.

Lok Sabha today approved amendments to the Central and Integrated GST laws to levy 28 per cent tax on the full face value of bets in online gaming, casinos and horse race clubs.

Finance Minister Nirmala Sitharaman today introduced bills to amend the Central and Integrated GST laws to levy 28 per cent tax on the full face value of bets in online gaming, casinos and horse race clubs.

In some relief to online gaming industry, the GST Council on Wednesday decided that 28 per cent GST will be levied at face value of entry level bets placed in gaming platforms and casinos.

The decision to impose a 28 percent tax on the full face value of bets placed on online games will be implemented from October 1 even though there was demand for a review from states like Delhi and Goa, finance minister Nirmala Sitharaman said on Wednesday.

The exchequer would get an estimated additional revenue of Rs 20,000 crore annually following the decision of the GST Council to levy 28 per cent tax on full bet value on online gaming, said Revenue Secretary Sanjay Malhotra today.

The GST Council has announced that the bets placed in online gaming and casinos will now face 28 per cent tax.

The Enforcement Directorate Friday said it has frozen 93 bank accounts and seized Rs 3.44 crore as part of a money laundering investigation linked to an illegal online betting case in Gujarat.

The central government's rules for online games are very clear and betting money on uncertain events amounts to wagering, Additional Solicitor General N Venkataraman said on Tuesday. The new rules block online real money games that declare winners based on prediction of the unknown outcome, the ASG said, adding that some industry players were attem...

Tax officers have detected violation of GST law by offshore entities offering online betting and gambling platforms to Indian residents through mobile apps and are working on ways to tackle such mode of tax evasion, a source said.

The industry on Thursday said the new rules for online gaming will spur innovation, boost investor confidence and weed out gambling platforms while making the sector globally competitive. The norms are expected to help reduce regulatory fragmentation at the state level, and foster a more stable business environment, the industry said in one voice a...

Fantasy sports platform Dream11 has filed a petition in the Bombay High Court challenging the levy of 28 per cent GST retrospectively on bets placed on its platform.

The Enforcement Directorate has frozen and seized assets worth Rs 417 crore in connection with the Mahadev online betting case, officials said on Friday.

The central government on Friday warned media outlets against publishing or displaying advertisements of online betting platforms, failing which they would face legal action.

Domestic online gaming companies will be required to deduct 28 per cent GST on bets placed from overseas locations, including by foreign players, as such bets will also be treated as actionable claims.

Parliament on Friday approved amendments to the Central and Integrated GST laws to levy 28 percent tax on the full face value of bets in online gaming, casinos and horse race clubs. The CGST amendment bill defines 'online gaming' as a game on the internet or an electronic network.

Lok Sabha today approved amendments to the Central and Integrated GST laws to levy 28 per cent tax on the full face value of bets in online gaming, casinos and horse race clubs.

Finance Minister Nirmala Sitharaman today introduced bills to amend the Central and Integrated GST laws to levy 28 per cent tax on the full face value of bets in online gaming, casinos and horse race clubs.

In some relief to online gaming industry, the GST Council on Wednesday decided that 28 per cent GST will be levied at face value of entry level bets placed in gaming platforms and casinos.

The decision to impose a 28 percent tax on the full face value of bets placed on online games will be implemented from October 1 even though there was demand for a review from states like Delhi and Goa, finance minister Nirmala Sitharaman said on Wednesday.

The exchequer would get an estimated additional revenue of Rs 20,000 crore annually following the decision of the GST Council to levy 28 per cent tax on full bet value on online gaming, said Revenue Secretary Sanjay Malhotra today.

The GST Council has announced that the bets placed in online gaming and casinos will now face 28 per cent tax.

The Enforcement Directorate Friday said it has frozen 93 bank accounts and seized Rs 3.44 crore as part of a money laundering investigation linked to an illegal online betting case in Gujarat.

The central government's rules for online games are very clear and betting money on uncertain events amounts to wagering, Additional Solicitor General N Venkataraman said on Tuesday. The new rules block online real money games that declare winners based on prediction of the unknown outcome, the ASG said, adding that some industry players were attem...

Tax officers have detected violation of GST law by offshore entities offering online betting and gambling platforms to Indian residents through mobile apps and are working on ways to tackle such mode of tax evasion, a source said.

The industry on Thursday said the new rules for online gaming will spur innovation, boost investor confidence and weed out gambling platforms while making the sector globally competitive. The norms are expected to help reduce regulatory fragmentation at the state level, and foster a more stable business environment, the industry said in one voice a...