Photo: Money Control
Implementation Of 28% GST On Online Gaming From Oct 1
The Government of India announced GST of 28% on Online Gaming. The tax is expected to be implemented, in effect from Oct 1. The GST Council's decision to levy 28% GST on real-money gaming came during a financial meeting, held earlier in August. The new implementation will be reviewed six months after it comes into effect, the Council decided in its meeting.
Tags: GST, online gaming, 28% Tax, GoI, business
Courtesy: The Hindu Business Line
Photo: The Economic Times
GST Council Defers Decision To Levy 28% Tax On Online Gambling, Casinos, Lottery
In a meeting of the GST Council, the panel defferred the decision on 28% taxation on casinos, online gaming, horse racing and lottery, until next meeting in August. Headed by Union FM Nirmala Sitharaman, the 47th GST-Council meeting on June 29, decided to tax fantasy plays. Furthermore, a GoM headed by Meghalaya CM Conrad Sangma has been asked to consider submissions of stakeholders and submit report by July 15.
Tags: GST Council, casino, 28% Tax, Gambling, Nirmala Sitharaman
Courtesy: Press Trust of India
