Q. 3 The provision in rate schedule notification No. 11/2017-Central Tax (Rate) dated the 28th June 2017 does not clearly state the tax base to levy GST on horse racing. This may be clarified.
Ans. GST would be leviable on the entire bet value i.e. total efface value of any or all bets paid into the totalisatoror placed with licensed book makers, as the case may be. Illustration: If entire bet value is Rs. 100/-, GST leviable will be Rs. 28/-
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