Government collects Rs 30-cr betting tax every year from Pune races.
Pune Cantonment Board (PCB) has written to the state government seeking its share of betting tax the government collects during the Pune Racing season. In case the state is unable to disburse appropriate share of this revenue to the board,PCB may consider levying a betting tax within its limits,said the board. The state government collects a betting tax of about Rs 30 crore a year during the Pune racing season.
In a detailed reply to questions by Newsline PCB said,The matter was considered by the board vide cantonment board resolution dated October 29,2012 resolving to take requisite measure for obtaining a share in the betting tax. It was followed up with the Pune collector’s office as well as the state finance ministry.
The betting tax is based on the Bombay Presidency Act and is in force since November 26,1925. Under the Act,the state government is empowered to charge,levy and receive betting tax at rates prescribed from time to time.
The matter was taken up in a recent general body meet.
The Act has a provision to levy betting tax on Pune races. The state government collects Rs 30 crore as tax during Pune racing season. But no compensation is paid to PCB despite the land belonging to the board. We have approached the state government to resolve the issue, CEO Nagireddy had said at the meet.