GST rate on Betting on Horse race
Query (Issue) Started By: – Shyam Naik Dated:- 3-9-2017 Last Reply Date:- 3-9-2017 Goods and Services Tax – GST
Got 1 Reply
GST
Dear Experts,
\nKindly opine, what is the tax rate for Betting on Horse Race Service?
\nThe service by a race club by way of totalisator or licence to Bookmaker is taxable @28% vide SAC 9996. It appears that it covers services by the race club, and does not include any service by a licensed Bookmaker.
\nFurther, it appears that there is demacration between gambling and betting. Gambling is purely a game of chance, where as betting involves element of knowledge, skill etc, although, element of chance is not completely rulled out, is a game of Skill. The history, biography,<\/p>\n
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