Government is gambling with GST methodology as Trail and Error approach thinking that they will get more money. At the end it yields nothing. This is just like LTCG tax which came up during Arun Jaiteley time.
There are lot of uncertainty, how things will happen if you are going to return chips. Whole gaming pricing mechanism/gaming methodology will undergo a change due to this impact. I have sent an email to them to clarify these points.
GST on Face value – As per GST committee, they mentioned only on First Entry. Does it mean it willl not be charged on Second time when customer wants to play again.
Though I am invested at lower level since very long time, i never gambled myself in casino.
Another thought (may be stupid one) – Customer pays 10,000 gets 10,000 worth of chips, Company considers GST as offer coupone or don’t charge customer (atlease direactly). At the end, house always win. Probability of win will be reduced compared to current days…
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