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Goa to amend tax regulations on gaming

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In a significant move, the Goa regional cabinet has given its approval to amend the Goa Goods and Services Tax (GST) Act, with the aim of providing clarity on the taxability of casinos, horse racing, and online gaming.

According to The Times of India, this decision comes ahead of the upcoming budget session of the assembly, with the approved amendments seek to address taxation concerns related to various forms of gambling and gaming activities in the state.

The cabinet’s decision includes the repeal of the Goa Goods and Services Tax (Amendment) Ordinance, 2023, through the introduction and passage of the Goa Goods and Services Tax (Amendment) Bill, 2024.

By introducing these amendments, the government aims to streamline the taxation framework and ensure compliance with applicable regulations in the gaming and gambling sectors.

The move is expected to bring clarity and transparency to the tax regime governing casinos, horse racing, and online gaming in Goa.

Recently India’s top Finance Ministry confirmed that the country’s authorities are unlikely to relieve the 28 percent GST on the gaming industry.

According to the law, gaming companies are obligated to pay 28 percent GST on each bet placed. However, industry participants want to pay only 18 percent of the gross gaming revenue (GGR) or the platform fee.

Nelson Moura
Nelson Mourahttp://agbrief.com
Editor and reporter with 10 years of experience in Greater China, namely Taiwan and Macau, in printed and online media, with a focus on finance, gaming, politics, crime, business and social issues.

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