Case Law Details
Union of India Vs Bangalore Turf Club Limited (Karnataka High Court)
Karnataka High Court Stays the Judgment of Single Judge in which he held that Goods and Service Tax (GST) cannot be levied on the entire bet amount received in the totalisator as it would take away the principle that tax can only be levied on consideration received under the Central Goods and Service Tax Act, 2017 (“CGST Act”). The Court also declared Rule 31A(3) of the Central Goods and Service Tax Rules, 2017 (“CGST Rules”) and Karnataka Goods and Services Tax Rules, 2017 (“KGST rules”) as ultra virus of the CGST Act.
Also Read:
Horse race clubs liable to pay GST only on commission & not entire bet amount
Stake money paid to horse owners not liable to TDS under section 194B or section 194BB
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