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TAX ON CASINOS IN INDIA
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...- 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...
- 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 ...
- Foreign betting sites pull a prank on taxmanOffshore gaming firms found a way to use the site name cgstahmedabadzone.gov.in to create additional, fake pages, complete with sub-links t...
- 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...
- Delta Corp, Nazara Technologies shares slide up to 7% after GST Council imposes 40% levy on casinos, gamingDelta Corp and Nazara Technologies shares plunged following the GST Council's approval of a 40% tax on casinos, betting, and online gaming....
- 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...
- Thailand is betting its hand for you to visit and gamble millions; Indians may get a new attractionThailand is considering legalising casinos to boost tourism and attract foreign investment. Draft rules include a 30-year license, with int...
- Delta Corp shares surge 15% on GST cut hopesShares of Delta Corp, the sole listed company in India's casino gaming industry, saw a significant surge of nearly 15%. This increase in st...
- India set to implement 28% GST on online gaming from October 1India is set to implement a 28% Goods and Services Tax (GST) rate on online gaming starting from October 1, following the consensus of all ...
- Govt notifies GST amendment to levy 28% tax on online gaming"The amendments made under this Act shall be without prejudice to provisions of any other law for the time being in force, providing for pr...
- GST Council recommended 28% GST on deposits with companiesThe goods and services tax (GST) council on Wednesday gave partial relief to online gaming companies clarifying that 28 per cent GST will b...
- Delta Corp tanks 5% as GST Council recommends 28% tax on casinos“Final decision has been taken on new GST structure on online gaming, horse racing and casino. We cannot elaborate the details of the decis...
- 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...
- Punjab hopes to take casino route in search of better financial futureAlthough the Akali Dal seems keen to set up casinos, it’s still keeping its cards close to the chest, fearing a backlash from religious par...
- Playwin puts its money on Goa casinoAs per sources, global casino operators will make their presence felt in India via JVs or franchisee route by 2009.
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