te Group of ministers submit GST report on online gaming, casinos to FM Nirmala Sitharaman | Zee Business

Group of ministers submit GST report on online gaming, casinos to FM Nirmala Sitharaman

The GoM, in its last meeting in November, had agreed on a 28 per cent GST on online gaming casinos and horse racing.

Group of ministers submit GST report on online gaming, casinos to FM Nirmala Sitharaman
GoM had decided to refer all suggestions to the GST Council for a final decision.

The panel of state ministers set up by the GST Council to look into taxation of online gaming and casinos on Thursday submitted its report to Finance Minister Nirmala Sitharaman.

The GST Council, chaired by Sitharaman, may take up the report in its next meeting on Saturday (December 17).

"Presented the Second Report of the Group of Ministers (GoM) on casinos, race courses & online gaming to the Hon'ble Union Finance Minister, Smti. @nsitharaman Ji in New Delhi today," the GoM's chairman and Meghalaya Chief Minister Conrad Sangma tweeted.

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Usually, the GST Council secretariat gives notice to members in the Council before tabling any agenda.

The agenda for the Council meet so far did not include a discussion on online gaming. Now that the report has been submitted, it is likely that the Council may take it up for consideration.

The GoM, in its last meeting in November, had agreed on a 28 per cent GST on online gaming casinos and horse racing.

However, in 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 had decided to refer all suggestions to the GST Council for a final decision.

Currently, online gaming attracts 18 per cent GST. The tax is levied on gross gaming revenue, which is the fees charged by online gaming portals.

Reported By: PTI
Updated: Thu, Dec 15, 2022
08:35 pm
PTI
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