I firmly believe that even if you bring the GST on racing to 10% the illegal betting won't stop. The only possibility is small punters who bet around 1 or 2 thousand will play on money horses on totes and fixed odds. Because the problem is not just GST. It's also the TDS.
Secondly there are people who bet huge amounts and there are people who eat huge amounts. Basically eating is not allowed in Indian betting system.
As far as I know the per race turn over all over India on a centre like Mumbai, Bangalore or Pune is more than 100 crores. Now imagine the TDS the people making money will end up paying. And problem is you cannot get a compensation for loosing bet.
Even in ITR though there is a provision for income from horse racing no one shows much income in it as there is no compensation for it. The entire income becomes taxable if it exceeds the slab.
10 Replies
Syns said ...
02-Sep-2025
It will never stop till players are ready to play
Horseshoe said ...
28-Aug-2025
In undivided Andhra Pradesh, i.e, before bifurcation into two states, the sales tax (before GST era) the betting tax was 12.5%, even then hardly any one played on full tax by chance if there was one, bookies never filled the govt coffees. Mostly people were content on playing with half tax even the. So even rationalisation of GST , lower slab, will any way help. See how private betting what's app groups are flourishing and prospering
Rudolph.a.furtado said ...
28-Aug-2025
Simple . Govt should set a BETTING TAX of 10 % overall and you will find crowds returning to the racecourse and betting legally with bookies .Otherwise thanks to "ILLEGAL BOOKIES AND ILLEGAL BETTING" you dont require a soothsayer to predict the sad fact that Indian horse racing might cease to exist due to losses.
Ashok Kumar said ...
27-Aug-2025
As it is Racing industry is gone to so much down
Every one has to give an encourage for Racing rather then finding some irrelevant concept
Regards
Besafe said ...
27-Aug-2025
Nobody wants to challenge Govt. against this online gaming bill .The more I do research,the more I feel its all about ego clash otherwise they know people will find ways to play.Isnt it possible we link our online applications with totes and deposit and withdraw amount from tote but play online.Can we do something as such?
Precisely_that said ...
27-Aug-2025
What I can say is in UK and Hongkong the betting is legal and even big bets are placed on official gambling shops or bookmakers. Their taxation system supports it. Where in huge revenue is generated by government inspite of small tax being cut on winnings. This way it's a win win situation for punters, bookmakers and governments.
Why cant we adopt similar policy.
Khan Bhai said ...
26-Aug-2025
Where is illegal betting?
Every race club most soon open their own play bets platform soon as the recent Gaming bill doesn't apply to online horse racing wagering as horse racing is legal sport in India.
Come On said ...
26-Aug-2025
Don't worry, horse racing itself is going to stop very soon. Indications are brighter rhan ever before.
Also, out of say about 100 people sharing their opinions here in this HT forum, touch wood let them tell if they are engaged in what you call 'illegal' betting or not, you will find 95% of them in it, including you.
Why waste time writing such irrelevant posts my dear?
Raj- Original said ...
26-Aug-2025
What are you??? Are you living in a fairy land?
Come back to earth. It's gambling and that's how it should be .
Only freaking out of mind people pay 28%GST and play.
Show the winnings in ITR.???? Who ever has made profit in racing pl pl pl come forward..
Golimar said ...
26-Aug-2025
Don't say illegal betting, it is profitable betting, rules of taxation are too harsh so this kind of betting is justified. Government could earn good income with good slab of GST on this support, then make ring betting totally legal then beneficial for all the parties i.e., government punters bookies and clubs.