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

The group of state finance ministers responsible for casino, online gambling and horse racing tax will submit its report to the GST Board next week, Meghalaya Chief Minister Conrad said on Friday. Sangma. The Sangma-led Group of Ministers (GoM) held its latest meeting on the issue earlier this week and reportedly recommended a 28% tax on online gambling, whether it’s a game of skill or by chance.

However, in the absence of consensus on whether the tax should be levied only on the fee charged by the portal or on the entire consideration including the bet amount received from the participants, the GoM has decided to refer all suggestions to the GST Council for a final decision.

Asked when the GoM would send the report to the council, Sangam said, “We will submit the report next week.”

Currently, online games attract 18% GST. The tax is levied on gross gaming revenue, i.e. the fees charged by online gaming portals. The GoM, in its previous report submitted to the council in June, had suggested a GST of 28% on the total value of the consideration, including the competition entry fee, paid by the player without making any distinction such as gambling games. address or chance. However, the council had asked the GoM to reconsider its report.

Speaking to reporters, Tamil Nadu Finance Minister P Thiaga Rajan said, “There was already a report submitted once. This report will be the basis for any new report.”

The 8-member GoM includes Thiaga Rajan, Deputy Chief Minister of Maharashtra 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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