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Online Gaming: GST GOM to submit final report in 1-2 days

GST on Online Gaming

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1 min read
TeamG2G
By TeamG2G

The Group of Ministers (GOM) constituted to examine the taxation of casinos and online gaming is likely to submit its report to Finance Minister Nirmala Sitharaman in a day or two, according to report by ET Now.

The GoM, headed by Meghalaya Chief Minister Conrad Sangma, had in an earlier report recommended to the GST Council to levy 28 per cent GST on gross sales value as horse racing, online gaming and casinos are akin to betting or gambling.

However, since Goa wanted further discussions on valuation aspects with regard to casinos, the GST Council, comprising the Union finance minister and her state counterparts, suggested that the GoM hold further discussions and submit a final report by July 15. The due date was again extended to August 10.

The GOM recently visited Bengaluru and Goa to get industry inputs on online gaming and casinos respectively. In Bengaluru, the GOM also

The GST Council is likely to meet towards the end of this month or early September and discuss the report of the Group of Ministers (GoM). The GST Council meeting originally was scheduled in the first half of August in Coimbatore, Tamil Nadu. The meeting got postponed to last week of August due to Parliament sessions.

GOM head and Meghalaya Chief Minister Conrad Sangma on last Saturday met Finance Minister Nirmala Sitharaman and apprised her about the developments on submission of a final report.

The recommendations are as follows:

  • The imposition of GST on casinos, race courses, online gaming and lottery should be uniform both in rates and valuation norms
  • For the purpose of levy of GST, no distinction should be made on grounds of the game of skill or game of chance
  • The GST rate is to be hiked from 18 per cent to 28 per cent on all activities.

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