Petitioner is liable to pay GST only on commission earned in betting of Horse Race and not on the total amount of bets : Karnataka High Court
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Quick Summary
The Karnataka High Court has delivered a significant judgment, quashing Rule 31(3A) of the CGST Act. This ruling clarifies that GST is applicable only on the commission earned from horse race betting, not on the entire amount wagered. The court reasoned that GST should be levied on the consideration received, which in this case is the commission, rather than the total bet value.