GST in Casino Business
This query is : Resolved
27 November 2019
Dear Experts,
Please explain me how GST is calculated in Casino business? On which amount we need to pay GST? what is rate of GST? what are the Input credits we can take? Please explain.
Please explain me how GST is calculated in Casino business? On which amount we need to pay GST? what is rate of GST? what are the Input credits we can take? Please explain.
28 November 2019
Under the GST Act - Services by way of admission to casino is taxable @ 28% with full ITC and this rate is applicable on betting or gambling services provided by casinos on the transaction value of the betting .
Link of CBIC clarification :-
http://cbic.gov.in/resources//htdocs-cbec/gst/Circular.pdf;jsessionid=2EB198A4BBBCC6543B1904613544C7DE
Link of CBIC clarification :-
http://cbic.gov.in/resources//htdocs-cbec/gst/Circular.pdf;jsessionid=2EB198A4BBBCC6543B1904613544C7DE
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
