Section 18
(1) Thl're shall as from the date (Ill which this Act comes into force, be chargeJ, levied and paid to the Government of Assam out of all monies received by a licensed bookmaker for bets made in an enclosure set apart on an} race, a tax on backers, hereinafter referred to as the betting tax, amounting to Sl!ven per_ccnt. of all such monies.
18. (1) Thl're shall as from the date (Ill which this Act comes into force, be chargeJ, levied and paid to the Government of Assam out of all monies received by a licensed bookmaker for bets made in an enclosure set apart on an} race, a tax on backers, hereinafter referred to as the betting tax, amounting to Sl!ven per_ccnt. of all such monies.
(2) The betting tax shall be deducted or collected by the licensed bookmaker from such monies. or in the case of credit bets at such time as may be prescribed , and shall be deemed to have been paid by the backer on account of the tax, an:l shalJ be retained by the licen;'!d bookmaker on behalf of Government.