India’s governmental body Goods and Services Tax (GST) Council has sent out a notice to the country’s land-based casinos and online gaming platforms to make payments of the goods and services tax for the financial year 2018. As reported, the GST Council’s delayed request for payment expects to collect around US$12 billion in tax revenues as the gaming operators are referring to state courts requesting tax payments different to those proposed by the Council.
$12 Billion Tax Revenue Expected:
As Inside Asian Gaming (IAG) reports, the expected tax revenue figure revealed by a state official is based on a tax collection model referring to the gambling operators’ handle rather than gross generated revenues. Th…