Hello everyone.,
A business concept like Dream 11
In a online game 2 player pay Rs. 5000 each
Total contribution of Rs 10000 received.
Its a point base game..
& points are depend on actual CRICKET Match Base
Okkk
After that which one have highest point.
He/She will get amount of Rs. 11500
So what should be Gst Rate in such business
&
What should be taxable value for the purpose of GST Rate
Thanks & regards
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GST provision on Dream 11
Replies (1)
As per Rule 31A , read with Notification 3/2018 CT DT.23.1.18.
GST shall be levied on amount of bet received irrespective of amount of revenue . So in your case GST is applicable on 10000/- the bet value reced.
GST shall be levied on amount of bet received irrespective of amount of revenue . So in your case GST is applicable on 10000/- the bet value reced.
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