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CASINO TAXES
Inside Oyo’s FY26 profit; Gaming founders seek GST reprieveOyo parent Prism, which filed its updated IPO papers, reported a strong profit in the April-December period, courtesy of an unlikely source...
Gaming founders appeal to GST Council for personal liability relief after Supreme Court rulingReal money gaming founders are urging the GST Council to shield them from personal tax liabilities and offer amnesty on past dues following...
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...
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...
Tax ruling can set off a game of thorns for gaming company directorsIndia's money gaming firms are worried about directors facing tax demands. A Supreme Court ruling upheld a 28% GST on bets. This could mean...
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...
DGGI set to fire up GST recovery drive against gaming firms after Supreme Court's backingThe Directorate General of GST Intelligence will now aggressively pursue tax recovery from online gaming companies after the Supreme Court ...
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 ...
Donald Trump immunity from IRS audit shocks experts, who warn it could undermine trust in tax systemDonald Trump's tax probes have ended. The Internal Revenue Service agreed to drop all pending investigations into the former president's ta...
Warren Buffett: Why ‘risk’ doesn't mean what Wall Street says it meansIn a letter to shareholders, Warren Buffett declared war on one of finance's most sacred concepts: Beta. The academics had it backwards, he...
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...
Thailand gets public support to offer new 'legal' thrill to Indian and global touristsThailand plans to legalise casinos within large entertainment complexes, aiming to create jobs, boost state revenue, and regulate undergrou...
28% GST likely on casinos, online gaming, horse races on gross revenueCurrently, services of casinos, horse racing and online gaming attract 18 per cent GST. The GoM would decide on the method of valuing the s...
Why GST on casino licence fee, Bombay HC asks governmentThe Goa bench of the Bombay High Court made the demand while hearing a writ petition filed by some Goan casinos challenging federal taxes o...
Taxman hopes to hit a jackpot in Goa casinosPeople in the know pointed out that one or two of the casinos have paid the service tax, while others are looking to challenge the tax dema...
Goa casinos to strike windfall in rupee lossThe real big spenders are bulge-bracket desis who now find it cheaper to fly down for a weekend of gambling in Goa rather than hoof it to M...
- Goa casinos contribute Rs 135 cr revenue in 2012-13
Casinos, a key attraction for tourists visiting Goa, contributed a healthy Rs 135.45 crore to the state government's coffers in fiscal 2012...
- Government scraps licence of Indian 'Casino King' in Nepal
Communist-led government has scrapped the licence of Indian "Casino King" Rakesh Wadhwa to operate casinos in Nepal for his alleged failure...
- Goa govt hikes entertainment tax to 10% on casinos
Giving in to political opposition to offshore casinos in Goa, the state government has doubled the entertainment tax levied from the gambli...