FILE PHOTO: Gambling dice and chips are seen on the keyboard in this illustration picture, June 5, 2020. REUTERS/Dado Ruvic/Illustration/File Photo
NEW DELHI (Reuters) - Indian expects to collect up to 140 billion rupees ($1.7 billion) in goods and services tax (GST) next financial year by taxing online gambling companies, Revenue Secretary Sanjay Malhotra told Reuters on Saturday.
The government in October imposed a 28% tax on funds that online gaming companies collect from their customers for every bet, shocking a nascent $1.5 billion industry that is backed by global investors. The government had defended the move, citing concerns about addiction.
