The GST GoM headed by Meghalaya CM on Tuesday concluded a meeting concerning taxation of online gaming, horse racing and casinos which suggested no change in the earlier recommended GST rate of 28%.
The GOM will meet once again before submitting the final report to the GST Council. The final report on the issue is likely to come out on August 10, 2022.
Have asked the stakeholders to submit their respective presentations so we may take things on the right direction and come to a conclusion on the matter. We will also be meeting physically before we submit the final report to Hon’ble Union FM, @nsitharaman Ji.
— Conrad Sangma (@SangmaConrad) July 12, 2022
The GOM will seek report from law department on the Games of Skill aspect in case of race course and online gaming. Industry has represented that online gaming which is held to be a game of skill cannot be equated with gambling.
With regard to casinos, the stakeholders and Goa Minister are pressing on Gross Gaming Revenue which was there in the pre GST era and which is also a normal global practice.
The next physical meeting is expected to be in the first week of August. The timeline for submission of the revised report got extended to 19th August from 15th July. The next GST council meeting expected to be in the 3rd week of August.
In a series of tweets, the Meghalaya CM has sought stakeholders to submit presentations for consideration by the GOM.
Other state ministers in the eight-member GoM include Maharashtra deputy chief minister Ajit Pawar (no more a member due to change of government in Maharashtra), Gujarat finance minister Kanubhai Patel, Goa Panchayati raj minister Mauvin Godinho, Tamil Nadu finance minister P Thiaga Rajan, Uttar Pradesh finance minister Suresh Khanna, West Bengal finance minister Chandrima Bhattacharya and Telangana finance minister T Harish Rao.