GST Collection from Punters: Karnataka HC refuses to quash FIR on Tax Evasion Allegation against Bookies in Bangalore Turf Club [Read Order]
The bench noted that offence under Section 78(1)(a)(i) would not get attracted for betting accepted or collected by licensed bookies on the day on which the horse race is run in an enclosure set apart for a race course by the licensee of such race course, provided the licensed bookies have strictly complied the terms of the licence.
The Karnataka High Court has refused to quash proceedings initiated against licensed and unlicensed bookies operating within the Bangalore Turf Club who allegedly collected GST from the punters and TDS amount from the winning bettors. It was alleged that the accused have misappropriated crores of money collected by them towards payment of GST and TDS….
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