Currently, casinos, horse racing, and online gaming services attract 18 percent GST. In May last year, the government set up a panel of state ministers for better valuation of services of casinos, online gaming portals and racecourses for levying Goods and Services Tax (GST).
Digital Desk: The panel of ministers tasked to review the GST levy on casinos, racecourses and online gaming has finalized its report, which will be taken up in the upcoming GST Council meeting.
In its previous meeting earlier this month, the Group of Ministers (GoM), chaired by Meghalaya chief minister Conrad Sangma, had unanimously decided to hike the tax rate on these services to 28 percent.
The GoM held a meeting again on Wednesday and settled the method of valuing these services to levy this tax.
“The Group of Ministers (GoM) on casinos, racecourses & online gaming has reached a consensus. The report of our submissions will be handed over to Hon’ble Finance Minister Nirmala Sitharaman in a day or two & the matter will be presented in the next GST Council Meeting,” Sangma tweeted.
Currently, casinos, horse racing, and online gaming services attract 18 percent GST. In May last year, the government set up a panel of state ministers for better valuation of services of casinos, online gaming portals and racecourses for levying Goods and Services Tax (GST).
The report of the GoM is likely to be taken up in the next meeting of the GST Council, expected later this month. Other state ministers in the eight-member GoM include Maharashtra deputy chief minister Ajit Pawar, Gujarat finance minister Kanubhai Patel, Goa Panchayati raj minister Mauvin Godinho, Tamil Nadu finance minister P Thiaga Rajan, Uttar Pradesh finance minister Suresh Khanna and Telangana finance minister T Harish Rao.
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