B R Sharan Kumar

  Punters given the wrong end of the stick   By Sharan Kumar   The turf clubs have been punishing the punters in the name of GST. The turf clubs do not indicate the value of GST and the club commission on the ticket. The punters are in the dark about how much of their money is the actual bet. The punters are under the belief that the GST is 28 per cent on the bet value and that the clubs are collecting the same in addition to the club commission. This has resulted in the dividends that the punters get becoming very poor.   In reality, clubs like Bangalore Turf Club are making big money in the name of GST in the absence of transparency and non-disclosure to the punters. The punters in addition are charged a high entry fee to generate more income while subsidizing everything to the members. The turf clubs are collecting GST on bet value but paying GST on club commission which leaves them with lots of money which essentially belongs to the punters and the government. Turf club