GST Council Meeting Updates: GST Council decides to levy 28% GST on full value of gaming, horse racing and casinos

The GST Council decides to levy 28% GST on full value of gaming, horse racing and casinos.

28% GST on full value of gaming, horse racing and casinos

Reetu | Jul 11, 2023 |

GST Council Meeting Updates: GST Council decides to levy 28% GST on full value of gaming, horse racing and casinos

GST Council Meeting Updates: GST Council decides to levy 28% GST on full value of gaming, horse racing and casinos

The latest GST council updates given by a popular media house which stated that the proposal that was made to tax online gaming is approved by the council. The GST Council decides to levy 28% GST on full value of gaming, horse racing and casinos.

More from GST Council Meeting Updates:

  • The mechanism of charge would most likely be full face value rather than total gaming income.
  • Amendment to exclude horse racing, casinos, and internet gambling from the purview of actionable claims.
  • According to Maharashtra Minister Sudhir Mungantiwar, there would be no distinction between skill games and chance games for taxes purposes on internet gaming.
  • Tax exemption for certain drugs has also been authorised.
  • West Bengal has announced that it would have two appellate benches.

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Author Bio
Reetu
Name: Reetu
Designation: Content Manager
Company: Studycafe
Location: Delhi, India
Total Posts: 8126

Reetu is a Content Writer with 4+ years of experience in GST, Income Tax, Finance, Company Law, Education and Career Related Content. She is a B.COM (Honrs.) Graduate.

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