GST Council To Meet On August 2 On Online Gaming, Casino Rules: Reports
1 year, 4 months ago

GST Council To Meet On August 2 On Online Gaming, Casino Rules: Reports

News 18  

The GST Council is likely to meet on August 2 via videoconferencing to take a final decision on the 28 per cent GST on online gaming, casinos and race courses, according to media reports. However, the GST Council is expected to resolve whether the 28 per cent GST will be levied on entry value or each bet. On July 11, the GST Council in its 50th meeting decided to impose a 28 per cent tax on online gaming, horse racing and casino. “Tax will be applicable on the face value of the chips purchased in the case of casinos, on the full value of the bets placed with bookmaker/totalisator in the case of Horse Racing and on the full value of the bets placed in case of the Online Gaming,” the finance ministry had said in a statement on July 11.

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