होम News Governor Approval Spurs GST Amendment, Impacts Taxation for Gaming Companies in Jhrakhand

Governor Approval Spurs GST Amendment, Impacts Taxation for Gaming Companies in Jhrakhand

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Governor Approval

In a move to regulate online money gaming, the GST Amendment Bill has been passed, receiving approval from the Governor. Consequently, companies organizing betting centers, casino gambling, horse racing, lotteries, and online money gaming will now be subject to higher taxes. The central government has imposed a 28% tax on such games. The GST Amendment Bill, aimed at controlling online money gaming, has received the Governor’s nod, requiring companies involved in organizing events like betting centers, casinos, gambling, horse racing, lotteries, and online money gaming to pay increased taxes.

It is noteworthy that the central government had previously levied an 18% tax on these games, which has now been raised to 28%. States have also made amendments to their bills at their respective levels in light of this modified bill, awaiting approval from the Governor.

Governor’s Remarks on Wrongdoings

Governor CP Radhakrishnan, speaking on the matter of decisions made by the Election Commission regarding membership in the case of Chief Minister during a program held at Raj Bhavan on Monday, stated that those who commit wrongdoings should bear the consequences. He emphasized the need for everyone to make efforts to keep public life clean.

Regarding a question about the Election Commission’s letter raised in a program at Raj Bhavan, the Governor made these remarks on Monday. However, he did not provide any clear statements on the issue.

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