Karnataka govt promulgates ordinance to impose 28% tax on online gaming, ET LegalWorld | Court Practice News

The Karnataka government on Friday promulgated an ordinance to amend the Karnataka Goods and Services Tax Act to facilitate the imposition of 28 per cent GST on online gaming.

The additional tax will also be imposed on racecourses, and casinos following the consent of Governor Thawarchand Gehlot.

It is estimated that the state would get Rs 1,500 crore in revenue following the implementation of additional tax, according to Commissioner for Commercial Taxes, C. Shikha.

The move by the state government comes ahead of the Central government’s proposed implementation of the tax regime from October 1.

The Karnataka government has promulgated the ordinance as the state Legislature is not in session.

Karnataka is one of the major states to promulgate the ordinance after Maharashtra and Haryana. However, the new legislation will not affect the existing laws and will not prohibit, restrict or regulate betting in casinos, gambling, horse racing, lottery and online gaming, sources stated.

The sources also added that the charging of additional taxes won’t legitimise betting and criminal activity with the betting activities will be dealt with criminal prosecution. The Ccentral government had directed the states to pass the ordinance in assemblies or promulgate the ordinance by September 30 to implement 28 per cent GST on online gaming from October 1.

  • Published On Sep 29, 2023 at 11:03 PM IST

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis.

Download ETLegalWorld App

  • Get Realtime updates
  • Save your favourite articles

Scan to download App

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

Withholding mutual consent to divorce in failed marriage is cruelty, rules Kerala HC, ET LegalWorld | Court Practice News

Fri Sep 29 , 2023
The Kerala High Court has ruled that withholding mutual consent to divorce in a failed marriage amounts to cruelty. A division bench said that the courtroom should not be treated as a battleground for the egos of such parties. “The court rooms cannot be replaced to allow the parties a […]

You May Like

Breaking News