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.
CA Anita Bhadra
(Expert)
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 :-
https://cbic.gov.in/resources//htdocs-cbec/gst/Circular.pdf;jsessionid=2EB198A4BBBCC6543B1904613544C7DE
Link of CBIC clarification :-
https://cbic.gov.in/resources//htdocs-cbec/gst/Circular.pdf;jsessionid=2EB198A4BBBCC6543B1904613544C7DE
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