India’s GST Council sets 28% tax on betting turnover
India’s GST Council set a 28% tax on the full value of bets for online gambling, casino gaming and horse-race betting, according to media reports. The council did not specify a start date, and existing laws must be changed to accommodate the tax. The All India Gaming Federation said the rate could threaten companies and push players towards unauthorised operators.
A turnover-based tax on full bet values changes the tax base for gambling businesses in India.