- Total News Sources
- 3
- Left
- 2
- Center
- 1
- Right
- 0
- Unrated
- 0
- Last Updated
- 231 days ago
- Bias Distribution
- 67% Left
The Indian government aims to generate significant revenue through the imposition of a 28% tax on online gambling. Revenue Secretary Sanjay Malhotra indicated that the tax is expected to yield Rs 140 billion in GST revenue, up from Rs 16 billion the previous year. While the industry initially struggled with the tax, GST collections have increased to 35 billion rupees in the October-December quarter. The government's overall GST collections are also on the rise, averaging 1.7 trillion rupees per month, and are projected to reach 1.80 to 1.85 trillion rupees in the upcoming fiscal year. An April review of the online gambling taxation framework is planned, although it does not necessarily imply changes to tax rates.
- Total News Sources
- 3
- Left
- 2
- Center
- 1
- Right
- 0
- Unrated
- 0
- Last Updated
- 231 days ago
- Bias Distribution
- 67% Left
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