CA ArMan Tarun Soni (CA) 27 January 2020
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
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
Pankaj Rawat (GST Practitioner) 28 January 2020
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.