The UAE establishes a regulatory authority for commercial gaming, signaling a potential shift towards allowing gambling in the country. Major casino operators express interest in entering the market.
Boost government revenues with a 28% GST on casinos, race courses, and online gaming platforms. Aiming to capitalize on industry success and increase revenue streams.
The upcoming GST Council meeting aims to prevent fraudulent Input Tax Credits, strengthening provisions & minimizing false claims. The finance ministry may also impose a countervailing duty on steel imports from China. The report on online gaming, casinos, and horse racing will also be reviewed. Measures taken could potentially enforce compliance & prevent fraud in the system.
The GST Council in India has imposed a 28% tax on online gaming, horse racing, and casinos. Exemptions on GST for satellite launch services and certain goods have also been announced.