City
Epaper

Winning amount in horse race, game of chance will not attract GST

By IANS | Updated: September 29, 2020 20:30 IST

New Delhi, Sep 29 The winner of a horse race or any game of chance will not penalised ...

Open in App

New Delhi, Sep 29 The winner of a horse race or any game of chance will not penalised by way of extra taxes as GST levy with the Appellate Authority of Advance Ruling, Maharashtra ruling that winner of a game is not rendering any service or making any supply and the prize money is outcome of an event where results are not universal.

In general parlance, the order means that prize money from winning a derby or any other game where outcome is not known, will not be subject to Goods and Service Tax

( With inputs from IANS )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Appellate authority of advance rulingGST
Open in App

Related Stories

BusinessGold GST Rate vs Making Charges: What’s Inflating Your Jewellery Bill the Most?

MaharashtraDhule: GST Officer Found Dead Inside Car Near Kapidharwad Road

MumbaiMumbai: GST Officer Assaulted During Tax Evasion Probe in Vikhroli; One Arrested

MumbaiMumbai: GST Department Woman Officer Duped of ₹59,399 in Instagram Clothing Scam

BusinessDecember 2025 GST Collections Rise Over 6%, Government Revenue Touches ₹1.74 Lakh Crore

Business Realted Stories

BusinessIndia has sufficient coal stock, supply adequate amid West Asia crisis

BusinessAI demand to push global chip industry revenue past $1.3 trillion in 2026

BusinessInvited by Actor Sudesh Berry, Varun Gupta of GrahRahasya Decoded Advances Mahabharat Research Through Text-Based Analysis

BusinessGIFT City fund ecosystem surges 60-fold to $32 billion, FMEs rise 25-fold

BusinessS.L. Raheja Hospital, Mahim-A Fortis Associate Hosts Landmark 'India EUS Summit 2026', Witnesses Strong Global Participation