GoM on GST levy on casinos, online gaming to submit report next week

0
27
NEW DELHI: The state finance ministers’ panel for GST levy on casinos, online gaming and horse racing will submit its report to the GST Council next week, Meghalaya chief minister Conrad Sangma said on Friday.
Sangma-headed Group of Ministers (GoM) held its final meeting on the issue earlier this week and is understood to have recommended a GST levy of 28 per cent on online gaming, irrespective of whether it is a game of skill or chance.
However, in the absence of consensus on whether the tax should be levied on only the fees charged by the portal or the entire consideration, including the bet amount received from participants, the GoM has decided to refer all the suggestions to the GST Council for a final decision.
Asked when the GoM would send the report to the council, Sangama said: “We will submit the report next week”.
Currently, online gaming attracts 18 per cent GST. The tax…

Source link

Advertisement

LEAVE A REPLY

Please enter your comment!
Please enter your name here