Law Commission recommends regulated and taxable gambling, betting on sports

The Law Commission recommended that gambling and betting on sports, including cricket, it allowed as regulated activities taxable under the direct and indirect tax regimes and used as a source for attracting foreign direct investment (FDI). The commission’s report, Legal Framework  Gambling and Sports Betting including Cricket in India, recommends a number of changes in the law for regulating betting and generating tax revenues from it. The commission has also recommended linking Aadhar or PAN card of an individual indulging in betting and gambling and making the transaction cashless to regulate illegal activities such as money laundering. Parliament may also enact a model law for regulating gambling that may be adopted by the states or in the alternative, Parliament may legislate in the exercise of its powers under Articles 249 or 252 of the Constitution. In case legislation is made under Article 252, states other than the consenting states will be free to adopt the same, it states.

  • Law Commission recommends regulated and taxable gambling, betting on sports.
  • it allowed as regulated activities taxable under the direct and indirect tax regimes and used as a source for attracting foreign direct investment (FDI).
  • The commission’s report, Legal Framework  Gambling and Sports Betting including Cricket in India, recommends a number of changes in the law for regulating betting and generating tax revenues from it.
  • The commission has also recommended linking Aadhar or PAN card of an individual indulging in betting and gambling and making the transaction cashless to regulate illegal activities such as money laundering.
  • Parliament may also enact a model law for regulating gambling that may be adopted by the states or in the alternative.download our android app