28% GST on horse race betting a great disappointment: TAI

The GST Council’s recent decision to impose 28 per cent tax on the full face value of bets placed in horse racing is a “great disappointment” for the horse racing industry, according to the Turf Authorities of India (TAI).

At its 50th meeting held on July 11, the GST Council imposed a 28 per cent tax on the turnover of online gaming companies, horse racing and casinos.

Commenting on the same, TAI said the GST Council has failed to appreciate the special features of horse racing, distinguishing it from other gaming platforms. TAI said horse racing is a sport recognised internationally and even in India for over 200 years. “It is supervised, organised and regulated by us,” it added.

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