The Turf Authorities of India (TAI), which conducts horse racingin India, has welcomed the GST Council’s decision to allow the group of ministers (GoM) to re-examine the issues related to levying GST on horse racing.
Zavaray S. Poonawalla, Chairman, (GST reform cell of TAI), in a statement said “We are happy to note that the GST Council has deferred its decision on imposing GST onthe value of bets placed @28%. We look forward to the GoM considering how horse racing is different from other gaming.
“This gives us a window of 15 days to present to the GoM that unlike gaming for commercial gain, which is undertaken by other service providers, all race clubs in India are set up as not-for-profit clubs. The licensed horse race clubs have been in existence for over 200 years in India and in the span of their operations of over two centuries, the tax imposed on betting has been on the commission made by the race courses and not on the value of bets.
