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GST, or Goods and Services Tax, is a comprehensive indirect tax levied on the supply of goods and services in India. It has replaced multiple cascading taxes imposed by the central and state governments, simplifying the tax structure. In the context of casinos, GST applies to gambling and betting activities, including online platforms. The current GST rate for casinos is 28% on the full value of bets placed, which aims to regulate the industry and generate revenue for the government. This tax helps in standardizing operations and ensuring compliance across states, making it easier for businesses to operate while contributing to India\“s economic growth. |
