mumbai still struggling to cope with the imposition of goods and services tax gst in 2017 the punters and the race clubs in the country are now staring at a battle for survival when the new tds rule 194bb of income tax act comes into effect from april 1 the punters who were already paying a 28 gst plus clubs commission varies as per betting pools on money wagered irrespective of wins will now have to pay 30 tds on every rupee won beyond the yearly exemption of rs 10000the new tds rules makes it compulsory for the clubs to take the kyc of punters many of whom are employed in informal sectors who dont have pan cards what makes the situation worse is that punters who have pan cards wouldnt like to be recognised owing to the taboo associated with betting this will spell disaster for racing said ram shroff head of the stewards body