GST On Casinos Online Gaming Horse Racing Group Of Ministers To Submit Report In A Few Days | NewsBust GST On Casinos Online Gaming Horse Racing Group Of Ministers To Submit Report In A Few Days | NewsBust

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GST On Casinos Online Gaming Horse Racing Group Of Ministers To Submit Report In A Few Days

By Amit - August 12, 2022

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Recommendation of 28% GST on casinos and online gaming. (symbolic picture)

New Delhi:

The Group of Finance Ministers of the states constituted on taxation on casinos and ‘online gaming’ can submit its report to Finance Minister Nirmala Sitharaman in a day or two. A government source gave this information on Thursday. The GST Council is likely to meet at the end of this month or in early September. The report of the Group of Ministers will be discussed in the meeting.

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The Group of Ministers (GoM), headed by Meghalaya Chief Minister Conrad Sangma, in a previous report had recommended to the GST Council to levy 28 per cent GST (goods and services) on the gross sales value of horse racing, ‘online gaming’ and casinos.

The GoM, in its interim report, had said that online gaming, casinos and horse racing are activities falling under the category of betting and gambling and should be levied GST at the rate of 28 per cent. The GoM in its recommendation had said that the entire amount in ‘online gaming’ should be taxed. This also includes the entry fee paid to be part of the ‘Game’.

However, Goa wanted further discussion on casinos. The GST Council suggested that the GoM should discuss this further and then submit the final report in this regard by July 15. Apart from the Union Finance Minister, the GST Council includes the Finance Ministers of the states.

Government sources said that the GoM will submit its report to the Finance Minister in a day or two.

The members of the GoM also held a meeting with their representatives to know the concerns of the industry in this regard. Others in the eight-member GoM are Finance Ministers Suresh Khanna (Uttar Pradesh), Kanubhai Patel (Gujarat), P Thiagarajan (Tamil Nadu) and T Harish Rao (Telangana).

(Except for the headline, this news has not been edited by the NewsBust India team, it has been published directly from the Syndicate feed.)

Amit

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