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Online gaming industry pitches for retaining 18% GST
https://www.rediff.com/business/report/online-gaming-industry-pitches-for-retaining-18-gst/20220511.htm#:~:text=At%20present%2C%20services%20of%20casino%2C%20horse%20racing%20and,gaming%20portals%20and%20race%20courses%20for%20levying%20GST.
GST for the racing industry - E-quine
https://www.e-quine.com.au/assets/ATO%20GST%20Racing%20Industry.pdf
Horse-racing industry awaits GST rate change for survival
https://www.a2ztaxcorp.com/horse-racing-industry-awaits-gst-rate-change-for-survival/
The association has requested levying GST on only the commission or service fee retained by a race club. Today, 28 per cent GST is charged on the face value of the bets made and not on the commission. This eats into the total quantum of the prize money making it unattractive. This has also caused illegal betting market to flourish.
Horse-racing industry awaits GST rate change for survival
https://www.thehindubusinessline.com/news/horse-racing-industry-awaits-gst-rate-change-for-survival/article31617624.ece
The association has requested levying GST on only the commission or service fee retained by a race club. Today, 28 per cent GST is charged …
GST and Horse Racing | "Look at last year's file"
https://patheticallyawesome.wordpress.com/2008/12/14/gst-and-horse-racing/
GST and Horse Racing. Last week I was preparing a notice to reader for a client who owns a horse racing company. When I handed in the file, my partner asked whether the winnings attracted GST. I hadn’t included “GST collected” on the return so it was an appropriate question. They weren’t included in the “winnings statements” so I ...
BONUS GST FOR NEW HORSE BUSINESSES - Racehorse Ownership
https://racehorseownership.com/2020/07/23/bonus-gst-for-new-horse-businesses/
EFG Pty Ltd (EFG) is set-up on 1 July 2020 to run a horse breeding and agistment business. On 1 April 2020, which is within six months of EFG set-up, a UK broodmare is acquired and imported into Australia, a mare acquired to form the initial breeding stock of EFG. The mare cost AUS100,000, with import GST of $10,000 applying – total cost is ...
Horse racing club entitled to GST input deduction on …
https://www.taxtechnical.ird.govt.nz/case-summaries/2018/horse-racing-club-entitled-to-gst-input-deduction-on-stakes-paid-to-gst-registered-riders-and-traine
Summary. This case involved the issue of entitlement to input tax deductions under the Goods and Services Tax Act 1985 (“the GST Act”) for stakes payments paid to GST registered trainers and jockeys in the horse racing industry. Canterbury Jockey Club Inc (“CJC”) had claimed GST input deductions on stakes payments paid to GST registered trainers and riders in horse races …
GST breather for gaming industry, casinos and racecourses …
https://www.a2ztaxcorp.com/gst-breather-for-gaming-industry-casinos-and-racecourses-operating-in-india/
GST breather for gaming industry, casinos and racecourses operating in India. In a major development for the online gaming industry, casinos and racecourses operating in the country, the GST Secretariat has asked GST Council to issue clarity on the GST rate and the applicability of the levy on these services, sources told CNBC-TV18.
Online gaming industry pitches for retaining 18% GST
https://economictimes.indiatimes.com/tech/technology/online-gaming-industry-pitches-for-retaining-18-gst/articleshow/91494824.cms
An association of online skill-based gaming platforms has made representation before the authorities for retaining Goods and Services Tax (GST) at the current level for the industry which has 400 players employing about 45,000 people. Online games of skills include e-sports, fantasy games, rummy and poker or chess. Such games are either free to participate or …
Online gaming industry bats for retaining 18 pc GST
https://www.thehitavada.com/Encyc/2022/5/12/Online-gaming-industry-bats-for-retaining-18-pc-GST.html
1 day ago · A decision on whether the tax should be levied on gross or net valuation would be taken after further deliberations at the officer level. At present, services of casino, horse racing and online gaming attract 18 per cent GST.
Online Gaming Industry, Pitches For Retaining 18 Pc GST
https://www.goodreturns.in/news/online-gaming-industry-pitches-for-retaining-18-pc-gst-1248908.html
2 days ago · Online skill-based gaming industry has made a case for retaining the service under 18 per cent GST slab instead of putting it into the highest 28 …
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