Top Picks

GST on Casino Bets

GST On Casino Bets Cannot Be Linked To Profits, Says Supreme Court

The Supreme Court has held that casinos cannot calculate the Goods and Services Tax (GST) on the amount they have left after paying winning amount to players, because the tax liability arises on the placing of the bet, not after the payout is done. The ruling establishes that the bet itself triggers a GST obligation, rather than just net winnings

BY Outlook Money

Calculate & Plan your future with ICICI Prudential Life's retirement calculator

Magazine Home

India's Best Funds 2026

Magazine Home