🚨 West Bengal Assembly passes bill to impose 28% GST on online gaming, horse racing, casinos 🎰💰

The West Bengal assembly passed a bill that subjects online gaming, horse racing, and casinos to the highest GST rate of 28 per cent, calculated based on the full face value of the bets placed. 😮💸

Minister of State for Finance, Chandrima Bhattacharya, said that upon the West Bengal Goods and Services Tax (Second Amendment) Bill, 2023, becoming an Act,

it is anticipated to enhance the state's revenue. She said that West Bengal is among the states that have advocated for the imposition of the highest tax rate on online gaming and similar activities.

"Activities like online gaming, casinos and horse racing are all games of chance and not those of skill, and in these cases, the right to participate and the right to win cannot be separated," said Bhattacharya.💡🏇