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BETTING AND GAMBLING TAX
Online gaming money tax dispute: GST to be charged on full value of the deposit, rules Supreme Court, know how it impacts the playersThe Supreme Court has settled India's online gaming tax dispute. GST will now be charged on the full value of player deposits, not just the...- Zepto IPO: ED summons founders in FEMA matter, seeks shareholding, business detailsThe Enforcement Directorate sought details on foreign investments and overseas investments, audited balance sheets since FY21, owned immova...
- SC GST ruling on online gaming may cast wider tax net over casinos, horse racingA recent Supreme Court judgment clarifies that the GST valuation framework applies broadly to all betting and gambling activities, not just...
- India steers boat through a risky channel between war clouds and El NinoIndia faces a challenging global economic outlook for 2026-27. Geopolitical tensions and volatile oil prices are key concerns. However, Ind...
- Delta Corp shares tank 16%. What’s triggering the sharp selloff?Shares of Delta Corp tumbled 16% after the Supreme Court upheld the government’s retrospective 28% GST levy on online gaming companies. The...
- SC's GST ruling on online gaming: A loaded diceGovernment and state lawmakers have agreed to impose GST on online gaming. This tax will apply retrospectively to curb unregulated wagering...
- Gaming firms face ₹2.5 lakh crore exposure as Supreme Court upholds 28% GST on betting valueThe Supreme Court has made headlines with its ruling, requiring online gaming platforms to pay a hefty 28% GST on the entirety of the bet v...
- SC upholds govt retrospective 28% GST levy on online gaming companiesThe Supreme Court has backed the government's retrospective 28% GST on online gaming. The court ruled that online gaming platforms are not ...
- Byju gets jail term; SC backs 28% gaming GSTLegal troubles compounded for Byju Raveendran as a Singapore court sentenced him to six months in jail. This and more in today’s ETtech Top...
- Supreme Court backs Tamil Nadu, Karnataka online gaming laws on online rummy, poker with stakesThe Supreme Court has affirmed states' authority to control and prohibit online gaming involving betting. This decision overturns earlier H...
- As rupee dips, I-T steps up vigil on shady outflowsIn multiple cases, individuals have used dozens of fake permanent account numbers (PANs) with the same name but different addresses and dat...
- Prediction markets say they're different from sportsbooks. Gambling addicts say it's all the sameThe soccer coach had blocked himself from sportsbooks by the time he found prediction markets.
- IPL teams appeal for tax rematch: 'Treat event as sport, not entertainment'Indian Premier League teams are asking the government to reclassify match tickets. They want IPL games treated as sports, not entertainment...
- Online gaming equals gambling, taxable at 28% GST: Centre tells Supreme CourtThe Supreme Court is hearing arguments regarding the taxability of online gaming, with the DGGI asserting that the stakes involved constitu...
- US gambling crisis feared as online betting risesLegalization of sports betting in over 38 states since 2018 has resulted in rising gambling addiction, especially among young men. Revenue ...
- Illegal betting and gambling: Tax authorities losing Rs 2 lakh crore annually, says reportIllegal betting activities related to the Cricket World Cup 2023 in India are causing significant tax losses, with an estimated inflow of R...
- GST officers detect tax evasion by offshore entities providing online betting, gamblingThese online betting and gambling apps are available on Google Play Store for android phone users and App Store for iOS users and can be fr...
- State Legislatures have power to tax lotteries organised by other states: SCThe apex court said that in the context of lotteries, the organisation and conduct of a lottery scheme being a pan India activity, when any...
- I know what you did last summer: Taxman keeping an eye on betting cos abroadBanks asked to furnish details on eleven companies, transactions since Jul 2017. The websites also accepted bets in crypto-currencies, maki...
- Legalise bettingIt is time India legalised betting. Bring it above ground.
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