The Law Commission recommended that gambling and betting on sports, including cricket, be 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.
In case legislation is made under Article 252, states other than the consenting states will be free to adopt the same. 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.
Source- DD News
Static/Current Takeaways Important for SBI PO/Clerk Exam 2018-
- Law Commission of India works under the Ministry of Law & Justice.