Amidst the ongoing tussle between Raj Bhavan and the Left government in the state, Kerala Governor Arif Mohammed Khan on Friday (January 5) signed an ordinance amending the state GST law with regard to gambling.
Raj Bhavan sources confirmed that Khan has signed the ordinance.
The ordinance was promulgated by the state government after the 50th Goods and Service Tax (GST) Council meeting had fixed 28% GST on gambling at casinos, horse racing and online gaming and had also decided that the tax should be levied on the face value of the bet. Subsequently, the central government notified the amendment to the GST Act.
Also Read: Around 340 million Indians participate in cricket betting; $200 million wagered on each ODI: Report
The amendments were made to the state GST law in accordance with that, the state government had earlier said.
The ordinance includes provisions to remove some of the ambiguities in the existing GST law with regard to betting for money including online gaming, betting at casinos, and horse racing, the government had earlier said.
First Published: Jan 5, 2024 3:59 PM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
