GST Council Defers 28% Tax On Casinos, Online Gaming; GoM To Submit Fresh Report Till July 15
News 18The GST Council on Wednesday deferred the proposal to levy 28 per cent tax on casinos, online gaming, casinos and lottery, as the GST Council has given time till July 15 to the group of ministers to re-examine the issues and submit its fresh report. The finance minister added that the GoM has been given time till July 15 to study and submit a fresh report. On the valuation, GoM said in the case of online gaming, it should be full value of consideration, including contest entry fee, paid by the player for participation; in the case of race courses, it should be full value of bets pooled in the totalisator and placed with bookmakers. However, according to sources, the GST Council has decided to accept the recommendations of three groups of ministers constituted on rate rationalisation, GST system reforms, and the movement of gold and precious stones.