Tag Archives: GST
- Maharashtra lottery sellers to go on strike to protest 28% GST
August 15, 2017
Private lottery sellers in the state of Maharashtra will be putting up the “Closed” sign next week as part of their protest against the implementation of the Goods and Services Tax (GST) in India. In June, the GST Council announced a dual tax rate for lottery tickets under the new...
- Lawmakers want Australia to recognize bitcoin as official currency
August 10, 2017
Count bitcoin among the topics that crosses the political divide. In Australia, a bipartisan group of lawmakers is pushing to get the country recognize bitcoin as an official form of currency. According to the Sydney Morning Herald, labor and coalition senators are calling on the Reserve Bank to embrace digital...
- India’s privately run lotteries join 28% ‘luxury’ tax slab
June 19, 2017
No more zero tax for lottery tickets in India. On Sunday, the constitutional body tasked with overseeing the goods and services tax (GST) system in the country announced a dual tax rate for lottery tickets just in time before the new indirect tax regime rolls out on July 1. Union...
- Onshore gaming expansion pays off for India’s Delta Corp
June 1, 2017
Efficient marketing strategies, coupled with a strong retail focus, proved to be a boon for India’s only publicly traded casino operator Delta Corp, which saw its profits grow by 94.7 percent in the 2016-2017 financial year. In a filing to the Bombay Stock Exchange, the company reported profits of INR737.49...
Law panel leans towards regulating gambling in India
March 20, 2017
India’s Supreme Court taking another look at sports betting
April 28, 2017