GST on online gaming, casinos: Group of Ministers to finalise report by 10 Aug
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The Group of Ministers will finalise its report on taxing casinos, online gaming and horse racing by 10 August. The current rate of GST on this sector is 18%. The report is expected to be taken up for discussion in the GST Council meeting scheduled to take place in Madurai in August and the rate will be increased to 28%. The GoM recommended that the tax should be levied on the full face value of chips/coins purchased from the casino by a player. In the case of racecourses, the report suggested that GST be imposed on bets pooled in totalisators and placed with the bookmakers.
GST on online gaming, casinos: Group of Ministers to finalise report by 10 August.
