https://www.taxtmi.com/article/detailed?id=11609 The 50th GST Council recommended moving GST from an 18% levy on platform fees to a higher-rate tax on the full face value of bets (Gross Gaming Revenue). The article contrasts the current and proposed treatments with numerical examples showing substantially higher tax incidence on players and greater government receipts, and explains that operators will face increased compliance and transaction-level reporting burdens. It identifies unresolved issues including tax classification of amounts, treatment of platform fees, threshold rules for bets, and mechanisms for monitoring and collection. en-us Sat, 15 Jul 2023 10:09:56 +0530 Sat, 15 Jul 2023 10:09:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11609 The 50th GST Council recommended moving GST from an 18% levy on platform fees to a higher-rate tax on the full face value of bets (Gross Gaming Revenue). The article contrasts the current and proposed treatments with numerical examples showing substantially higher tax incidence on players and greater government receipts, and explains that operators will face increased compliance and transaction-level reporting burdens. It identifies unresolved issues including tax classification of amounts, treatment of platform fees, threshold rules for bets, and mechanisms for monitoring and collection. Articles Goods and Services Tax - GST Sat, 15 Jul 2023 10:09:56 +0530 https://www.taxtmi.com/article/detailed?id=11609