GST: GoM submits report on online gaming, casinos to Nirmala Sitharaman – Times of India

New Delhi: Panel of Ministers of State has been constituted GST Council Submits its report to Finance Minister on Thursday to look into taxation of online gaming and casinos Nirmala Sitharaman,
The GST Council headed by Sitharaman is likely to consider this report in its next meeting on Saturday (December 17).
GoM Chairman and Meghalaya Chief Minister Conrad Sangma said, “Presented the second report of the Group of Ministers (GoM) on Casinos, Race Courses and Online Gaming to the Hon’ble Union Finance Minister, Smt @nsitharaman ji in New Delhi today.” Tweeted.
Usually the GST Council Secretariat gives notice to the members in the Council before moving any agenda.
The agenda of the Council meeting so far did not include discussion on online gaming. Now that the report has been submitted, it is likely that the Council will consider it.
The GoM in its last meeting in November had agreed to levy 28 per cent GST on online gaming, casino and horse racing.
However, in the absence of consensus on whether the tax should be levied only on the fees charged by the portal or on the entire return including bet amount received from the participants, the GoM decided to send all the suggestions to the GST Council for a final decision. was. ,
Currently online gaming attracts 18 per cent GST. The tax is levied on gross gaming revenue, which is the fee charged by online gaming portals.