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TMI BlogGST rate on Betting on Horse raceX X X X Extracts X X X X X X X X Extracts X X X X ..... GST rate on Betting on Horse race X X X X Extracts X X X X X X X X Extracts X X X X ..... by the race club, and does not include any service by a licensed Bookmaker. Further, it appears that there is demacration between gambling and betting. Gambling is purely a game of chance, where as betting involves element of knowledge, skill etc, although, element of chance is not completely rulled out, is a game of Skill. The history, biography, strength, stamina, fitness etc of the horse and j ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ockey is taken into consideration by the wager, while betting in Horse Race. Most of the state legislatures exclude Betting on Horse Race, from the statutory definition of gambling. Accordingly, it appears that the betting service in relation to Horse Race may not get covered under Heading 9996 : Gambling attracting GST of 28%. It appears that the service of betting on Horse Race by a Bookmaker m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ay get covered under tariff heading 999692(Being not gambling but betting). Thank You. With due regards, Shyam Reply By Rajagopalan Ranganathan: The Reply: Sir, Vide Sl. No. 34 (vi) of Notification No. 11/2017-Central Tax (Rate) dated 28.6.2017 which refers to "Recreational, cultural and sporting services and falls under SAC 9996." In my opinion betting on horse race can be classif ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ied as a recreation and hence the same is chargeable to CGST @9%. X X X X Extracts X X X X X X X X Extracts X X X X
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