gst on online gaming: GoM on GST levy on casinos, online gaming to meet on July 12
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The Group of Ministers on casinos, online gaming and horse racing will meet on Tuesday to finalise its report on modalities taxing these activities. The GST Council, comprising the Centre and state finance ministers, had referred back the report to the GoM for further discussion and set a deadline of July 15 for the submission of the final report.
GST Council, comprising the Centre and state finance ministers, had referred back the report to the GoM for further discussion and set a deadline of July 15 for the submission of the final report. Uttar Pradesh finance minister Suresh Kumar Khanna, who is a member of GoA, said the panel will meet on July 12. GoF recommends 28% GST should be levied on horse racing, online gaming and racecourses.
The GoM recommended that the tax should be levied on the full face value of the chips/coins purchased from the casino by a player. No further GST would apply to the value placed in each round of betting, including those placed with winnings in previous rounds. The Council gave time for further consultation and mandated the GoA to finalise its report by July 15.
