28 February 2019
An online casino operator receives a total collection of Rs. 1,000,000 for the taxable period of June. Total cash payouts to successful players is Rs. 400,000. The casino makes a net win of Rs. 600,000. What would be the gst impact whether they would charge gst on a total collection of Rs. 1,000,000 OR they would charge the gst on net win of Rs. 600,000. Please clarify with GST Sections and rules.
01 March 2019
28% GST payable on total collection of 1,000,000. See the link for more information. https://glaws.in/2017/05/20/gst-council-announces-28-tax-casinos-betting-18-tax-likely-skill-games-lottery-tax-yet-announced/
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