VATupdate
india

GST Council to meet on October: Tax on Casinos, Online Games and GSTAT on Agenda

The appellate body deciding the tax policies under the indirect taxes in the country, the Goods & Services Tax (GST) Council may reportedly meet in October instead of September, as the group of ministers (GoM) on casinos, race courses & online gaming, as well as the panel on the GST Appellate Tribunal (GSTAT), are yet to submit their reports. With no unanimity about taxing at the rate of 28% on the full value of the consideration, without making a distinction between games of skill or chance, the GoM led by Meghalaya chief minister Conrad Sangma has sought legal opinion on whether or not the prize money in online gaming and horse racing is covered within “actionable claim”.

Source Taxscan

Sponsors:

VAT news
VAT news

Advertisements:

  • VAT news
  • VAT news