GST: GoM Meet On Casino, Online Gaming Remains Inconclusive; To Meet Again Next Month
2 years, 5 months ago

GST: GoM Meet On Casino, Online Gaming Remains Inconclusive; To Meet Again Next Month

News 18  

Goods and Services Tax : The group of ministers on casinos, online gaming and horse racing, which has been tasked with examining the issue of levying a 28 per cent GST on these activities, met on Tuesday and the meeting remained inconclusive, a source told CNBC-TV18. The GoM, headed by GST Council Meghalaya Chief Minister Conrad Sangma, discussed the valuation mechanism and expressed the opinion that GST should be levied on gross gaming revenue, as per international best practices, and not the overall pool as was recommended earlier, said the source. The source also said GoM members were all on board on levying a 28 per cent GST on all three activities — online gaming, casinos and race courses. The GoM had earlier recommended that online gaming should be taxed at the full value of the consideration, including the contest entry fee paid by the player on participating in the game. On the valuation, the GoM had earlier said that in the case of online gaming, it should be full value of consideration, including contest entry fee, paid by the player for participation.

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