THE Government of India can earn Rs. 1.8 lakh crore by imposing a GST of 18 per cent on sports ‘gambling and betting’ if they make it a legalised vocation. If 28 per cent tax is imposed as it is at present on cars, then the government will earn Rs 2.8 lakh crore. Business lobbyist body FICCI in its 2016 report estimated the size of the illegal betting economy at Rs 10 lakh crore. It’s somewhat enticing for any government in the world. The Law Commission of India recently submitted it’s report, ‘Legal Framework: gambling and sports betting including cricket in India’. gfiles cover story this time is analysing ‘gambling and betting in sports’, the most dreaded trade war of the world. Broadband has literally opened a Pandora’s Box, as one does not know whether the fellow walker on the road busy on mobile is gambling or betting. The technology has made it a herculean task to keep track.
http://www.gfilesindia.com/from-the-editor-july2018-issue-of-gfiles/
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