India

The Comptroller and Auditor General (CAG) of India has uncovered a massive loss in revenue for the Nagaland state government due to irregularities in the conduct of Nagaland State lotteries.

Activities such as betting and gambling in India could attract a Goods and Services tax (GST) rate of more than 18 percent, says Union Revenue Secretary Dr. Hasmukh Adhia.

The Sikkim High Court has upheld the rules brought through the Finance Act 2016 which stipulate that persons engaged in the marketing, organizing, selling or facilitation of lottery liable to service tax.

The Meghalaya government has been indicted for wasting government expenditure on retaining staff after shutting down its lotteries department in 2008.

Fees for onshore and offshore casinos have been raised for the third year in a row, local media reports.

 India’s Law Commission recognizes the government would raise substantial revenue from regulating the country’s $60 billion gambling industry, but its chairman says the legal body has not yet made up its mind on the issue.

 

India’s Law Commission recognizes the government would raise substantial revenue from regulating the country’s $60 billion gambling industry, but its chairman says the legal body has not yet made up its mind on the issue. Justice Balbir Singh Chauhan was giving the opening remarks to a conference hosted by the All India Gaming Federation and the Federation of Indian Chambers of Commerce and Industry in New Delhi last week.



This content is for members only. To continue reading

Join Now

Sachar Gaming Pvt. Ltd. is the first company to be awarded a license to operate multiple games by the state of Nagaland.

A fifth company has received a license to operate online poker from the Nagaland government, according to Glaws.

The Maharashtra government is raising its tax per draw on lotteries by Rs 30,000 (US$458) to Rs 100,000 from July 1, 2017.

Goa Governor Mridula Sinha has said that casinos should be allowed to remain in Goa, despite comments from the ruling BJP Party that it wishes to ban the properties.

Pages