- The GST Council will meet on October 7 to review the progress made by states in incorporating changes regarding taxation of online gaming.
- Amendments to Central GST and Integrated GST laws were cleared last month to clarify the levy of 28 percent tax on bets in online gaming, casinos, and horse race clubs.
- The amendments also make registration mandatory for offshore e-gaming companies operating in India and provide for blocking access for non-compliance with GST registration and tax payment norms.
- States were required to implement similar changes in their respective SGST laws by October 1.
- The meeting will mainly review the progress of amendments in the SGST law by different states.
- GST authorities have started sending notices to online gaming companies and casino operators regarding the 28 percent tax on bets.
- Companies are challenging the decision to levy the tax with retrospective effect, while tax officials maintain that it was always applicable.
Source: zeenews.india.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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