Indian Government Aims to Collect $1.7 Billion from Online Gambling
Indian Government Aims to Collect $1.7 Billion from Online Gambling
Indian Government Aims to Collect $1.7 Billion from Online Gambling
News summary

The Indian government aims to generate significant revenue through the imposition of a 28% tax on online gambling. Revenue Secretary Sanjay Malhotra indicated that the tax is expected to yield Rs 140 billion in GST revenue, up from Rs 16 billion the previous year. While the industry initially struggled with the tax, GST collections have increased to 35 billion rupees in the October-December quarter. The government's overall GST collections are also on the rise, averaging 1.7 trillion rupees per month, and are projected to reach 1.80 to 1.85 trillion rupees in the upcoming fiscal year. An April review of the online gambling taxation framework is planned, although it does not necessarily imply changes to tax rates.

Story Coverage
Bias Distribution
67% Left
Information Sources
bfb2a97b-336e-48d9-b69a-147df7862dc2bd7f581c-6294-4fb3-adfe-81db52a08452a3544a73-dab3-486d-ae75-bd4d15f01f55
Left 67%
Center 33%
Coverage Details
Total News Sources
3
Left
2
Center
1
Right
0
Unrated
0
Last Updated
229 days ago
Bias Distribution
67% Left
Related News
Daily Index

Negative

20Serious

Neutral

Optimistic

Positive

Ask VT AI
Story Coverage
Subscribe

Stay in the know

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Related News
Recommended News