Quick Summary
On January 8, 2024, Kerala Governor Arif Mohammed Khan approved an ordinance to revise the states GST laws on gambling. This action aligns with the 50th GST Councils decision for a 28% GST on casinos, horse racing, and online gaming bets. But where is this going, exactly? Revising Keralas GST on
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FAQ :
The ordinance to revise the state's GST laws on gambling, including a 28% GST on online gaming, was approved on January 8, 2024.
The 28% GST applies to casinos, horse racing, and online gaming bets, calculated on the gross bet value.
The regulation aims to increase tax revenue from the booming gaming sector, tighten regulatory oversight, ensure fair play, and promote compliance.
Gaming companies face operational changes, compliance hurdles, and potential retrospective tax liabilities, which could increase costs and reshape the market.
The government has issued show cause notices to online gaming entities for potential GST dues, indicating a crackdown on tax avoidance and a tightening of regulations.
Yes, Kerala has issued guidance allowing taxpayers to file appeals against orders from the first appellate authority without immediate pressure of recovery actions, especially in the absence of a functional GST Appellate Tribunal.
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