The new tax regime has been in force in the state since October 1<\/a>. Now the promulgated ordinance will be replaced by the amendment bill.”<\/p>\n\n\n\nOnline gaming companies have raised concerns that the new tax rate could drive players to unregulated offshore betting platforms, ultimately leading to a potential decline in tax revenue.\u00a0According to G2G News, Bihar’s IT minister, Israil Mansuri, has expressed support for gaming companies, recognising the challenges that the new regime might pose. He pointed out that the taxation structure could result in tax surpassing company revenues, rendering operations unsustainable.<\/p>\n","protected":false},"excerpt":{"rendered":"
An amendment bill has been tabled in the state assembly.<\/p>\n","protected":false},"author":176,"featured_media":34643,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Bihar state government has tabled a bill to formalize the 28% Goods and Services Tax (GST) on the full face value of bets in online gaming, casinos, and horseracing, replacing an earlier ordinance. This new tax regime, effective since October 1, has raised significant concerns among online gaming companies regarding operational sustainability and the potential for player migration to unregulated offshore platforms, impacting future tax revenue. State officials acknowledge the challenges this taxation structure poses to industry viability.","focusai_entities":"Bihar state government, GST Council, Union Ministry of Finance, Vijay Kumar Choudhary, G2G News, Israil Mansuri","focusai_location":"India, Bihar","focusai_target_profile":"ceo_executive (1.0), regulator (0.9), compliance_legal (0.9), operator_casino (1.0), affiliate_publisher (0.7), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on GGR\/NGR?","query":"What is the projected impact on GGR and NGR for licensed operators in Bihar following the 28% GST implementation on full face value?"},{"label":"Addressing Offshore Migration?","query":"How will the Bihar government address the anticipated migration of players to unregulated offshore platforms and its implications for tax revenue collection and regulatory compliance?"}],"footnotes":""},"categories":[154,16334],"tags":[23911],"class_list":["post-777010909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislation-news","category-south-asia-news","tag-gambling-regulation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777010909"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010909\/revisions"}],"predecessor-version":[{"id":777041011,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010909\/revisions\/777041011"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/34643"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777010909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777010909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777010909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}