India imposes 28% goods and service tax on gambling

The tax will impact online gaming, horseracing and casinos.  The Goods and Service Tax Council in India has agreed to impose a goods and service tax of 28% on online gaming, horseracing and casinos. The tax will be levied on the full value of either the bet made or the chips bought. There will be no differentiation between skill-based games and chance-based games. The decision was made at the council’s 50th meeting, during which the...