Govt to collect Rs 14,000 crore in GST from online gambling cos next FY

The Statesman

India is likely to collect up to Rs 14,000 crore in goods and services tax (GST) next financial year by taxing online gambling companies, Revenue Secretary Sanjay Malhotra told Reuters on Saturday. The government in October imposed a 28% tax on funds that online gaming companies collect from their customers for every bet, shocking a nascent $1.5 billion industry that is backed by global investors.…

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