GoM on GST levy on casinos, online gaming to submit report next week

The state finance ministers’ panel for GST levy on casinos, online gaming and horse racing will submit its report to the GST Council next week, Meghalaya Chief Minister Conrad Sangma mentioned on Friday. Sangma-headed Group of Ministers (GoM) held its ultimate assembly on the problem earlier this week and is known to have really helpful a GST levy of 28 per cent on online gaming, regardless of whether or not it’s a recreation of talent or likelihood.

However, within the absence of consensus on whether or not the tax must be levied on solely the charges charged by the portal or your complete consideration, together with the wager quantity obtained from members, the GoM has determined to refer all of the options to the GST Council for a ultimate resolution.

Asked when the GoM would ship the report to the council, Sangam mentioned: “We will submit the report next week”.

Currently, online gaming attracts 18 per cent GST. The tax is levied on gross gaming income, which is the charges charged by online gaming portals.
The GoM in its earlier report submitted to the council in June had advised a 28 per cent GST on the total worth of the consideration, together with the competition entry payment, paid by the participant with out making a distinction corresponding to video games of talent or likelihood. However, the council had requested the GoM to rethink its report.

Talking to reporters, Tamil Nadu Finance Minister P Thiaga Rajan mentioned, “There was already a report submitted once. That report will be the basis of whatever the new report is”.

The 8-member GoM embody Thiaga Rajan, Maharashtra Deputy Chief Minister Devendra Fadnavis, Finance Ministers of West Bengal (Chandrima Bhattacharya), Gujarat (Kanubhai Desai), Uttar Pradesh (Suresh Kumar Khanna), Telangana (T Harish Rao), and Goa Industries Minister Mauvin Godinho.

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