Question
What is the GST rate on online gaming, horse racing, and
casinos in India from October 1, 2023?Solution
GST Council passed a crucial decision for the online gaming industry, casinos and the horse racing businesses. Under the new regulations, a uniform 28% tax will be applied on the full value of bets placed in online games, regardless of whether it involves games of skill or chance.
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Under Section 21 of the Arbitration and Conciliation Act, 1996 (Procedure to be followed by Arbitral Tribunal):
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The Latin Maxim ubi jus ibi remedium means_______________
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