'GST reform is our top priority'- By Shailendra Awasthi |TOI
Posted on - 16 Sep 2019
‘GST reform is our top priority’
By Shailendra Awasthi |TOI
Mumbai:
Leading breeder Zavaray Poonawalla is holding the reigns of the Royal Western India Turf Club (RWITC) at a very tough time with severe financial crisis, absence of bookmakers and receding faith of punters in fair racing, is at its peak. The newly elected chairman, however, is confident that his team will steady the ship.TOI caught up with him to get a sense of his plans. Excerpts:
How do you plan to tackle the GST issue?
GST reform is our top priority. I am awaiting my turn to meet the officials at the ministry of finance in Delhi. To take this matter up, a strong team was formed by the Turf Authorities of India where Geoffrey Nagpal and myself represent RWITC. I would like to add here that Ameeta Mehra and Cyrus Madon have also helped in our efforts.
What are your expectations on GST reduction?
We have convinced the government to distinguish horse-racing from lottery and casino and consider our proposal for a GST reform. Presently the GST of 28% applies on the full bet value. We have requested for the 28% GST to be applied only on the commission of the club.
Will there be a sincere effort to get the bookmakers back at the racecourse?
We have a plan of action in place to ensure that Mumbai bookmakers get their licenses and get back. Their absence is adding to our financial woes and we are inclined to settle this sooner than later.
Your plans to ensure fair and clean racing?
We are committed to judicious and fair racing in any situation without any fear or favour. There is not even an iota of doubt in our minds when it comes to fair practices. We are determined to handle erring professionals with an iron hand.
Courtesy : Times of India
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