The panel of state ministers – set up by the GST Council to look into taxation of online gaming and casinos – submitted its report to Finance Minister Nirmala Sitharaman on 15 December.
The panel of state ministers – set up by the GST Council to look into taxation of online gaming and casinos – submitted its report to Finance Minister Nirmala Sitharaman on 15 December.
As per details, the Finance Minister in the GST Council meeting on 17 December may take up the report.
"Presented the Second Report of the Group of Ministers (GoM) on casinos, race courses & online gaming to the Hon'ble Union Finance Minister, Smti. @nsitharaman Ji in New Delhi today," the GoM's chairman and Meghalaya Chief Minister Conrad Sangma tweeted.
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The GST Council secretariat gives notice to members in the Council before tabling any agenda.
So far the agenda for the Council meet did not include a discussion on online gaming. Now that the report has been submitted, it is likely that the Council may take it up for consideration.
During the last meeting in November, the GoMagreed on a 28 per cent GST on online gaming casinos and horse racing.
However, in absence of consensus on whether the tax should be levied on only the fees charged by the portal or the entire consideration, including the bet amount received from participants, the GoM had decided to refer all suggestions to the GST Council for a final decision.
Currently, online gaming attracts 18 per cent GST. The tax is levied on gross gaming revenue, which is the fees charged by online gaming portals.