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, 2023GST 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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Reetu
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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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