VFX GST rate on online games, casino, horse racing to continue at 28 per cent -

GST rate on online games, casino, horse racing to continue at 28 per cent

GoM suggested no change in GST rate of 28 per cent at the end of meeting on online games, casino, horse racing and other similar activities.

Union finance minister Nirmala Sitharaman chaired the 47th GST Council meeting. According to ET, finance ministry statement said, “In its 47th meeting held on 28-29 June in Chandigarh, the GST Council discussed the changes required in provisions pertaining to the GST Appellate Tribunal in the GST Laws to bring it in conformity with judgements of the courts in relation to various aspects concerning Tribunals.”

FM expressed to the Council that the activities which are in nature of “gambling” should be taxed accordingly.

She bring in to notice to the council that Goa CM Pramod Sawant also believes that the casino should be treated differently compared to the other activities like horse racing, online gaming and lottery. Sitharaman also said the GoM has been granted time till 15 July to study and submit a fresh report. The Council will meet again before 10 August exclusively to discuss the fresh report of GoM and a final decision will be taken.

GoM other members include Uttar Pradesh finance minister Suresh Khanna, Andhra Pradesh finance minister Buggana Rajendranath, Odisha finance minister Niranjan Pujari, Goa transport minister Mauvin Godinho, and Rajasthan law and legal affairs minister Shanti Kumar Dhariwal.

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