- india's first & foremost horse racing portal

Topic Details

Back to lists

Games of skill or games of chance

By Rakesh | 19-May-2019

Rule 31A of the Central Goods and Services Tax Rules, 2017 states: “The value of supply of actionable claim in the form of chance to win in betting, gambling or horse racing in a race club shall be 100% of the face value of the bet or the amount paid into the totalisator.” However, some fantasy gaming companies claim this does not apply to them as the service they offer cannot be categorised as gambling or betting. They pay 18% GST as they fall under the ambit of ‘games’ or skill, while betting, gambling and lotteries attract 28% GST. Fantasy gaming companies rely on a Punjab High Court judgement that declaring them ‘skill-based’ to differentiate themselves from betting companies and lotteries, per the report.

More at ..

Post Your reply

0 Replies