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India Losing $2.5 Bn In GST Due To Offshore Platforms: AIGF

Inc42 · 1y

Offshore illegal betting platforms are causing a loss of $2.5 billion in GST revenue to the Indian government annually, according to All India Gaming Federation's CEO Roland Landers. These platforms are collecting $12 billion in deposits per year, with some advertising zero GST or tax on bets. Landers emphasized the need for the government to curb these platforms as they harm users and negatively impact the legitimate online gaming ecosystem in India. He called for self-regulatory organizations to differentiate between legitimate and illegitimate platforms. The government has already taken steps to combat these offshore platforms.