Also not sure if details have been given around how much is the total gaming revenue for a quarter. That would help indicate the actual increase in revenue that govt might be able to get if the volume remain same.
Also i am not sure if i am analyzing this correctly so people can correct me on how it would work out in terms of taxes.
E.g. if people buy chips of 100 and place all bets and the winnings or leftover are 15 at the end of few games then the tax as per current regime would be on 85 vs 100. So a a tax of 23.8 vs 28 i.e. 4.2 more. (there is also a debate on what would happen when someone returns the chips i.e. whether gst will be returned. I yes then no change in taxes)
Now in a separate scenario if 100 are placed as bets but the winning is 115. In that case i guess there is no GST paid but in current regione you still pay 28 so a huge difference. Obviously overall such a scenario would rarely happen 
Assuming the 1st scenario is what is likely one in majority of cases then the difference is not huge except for the big phycological difference that the Gambler will feel when buying chips.
| Subscribe To Our Free Newsletter |
