GoM on casinos, online gaming, horse racing to submit report to FM in a day or two: sources
The Hindu
New Delhi
A panel of state finance ministers on taxation of casinos and online gaming is likely to submit its report to Finance Minister Nirmala Sitharaman in a day or two, government sources said on Thursday.
The GST Council is likely to meet towards the end of this month or early September and discuss the report of the Group of Ministers (GoM), the sources added.
The GoM, under Meghalaya Chief Minister Conrad Sangma, had in an earlier report proposed to the GST Council to levy 28% GST on gross sales value as horse racing, online gaming and casinos were akin to betting or gambling.
However, since Goa wanted further discussions with regard to casinos, the GST Council comprising the Union Finance Minister and her state counterparts, suggested that the GoM hold further discussions and submit a final report by July 15.
Government sources said the GoM would submit its report to the finance minister in a day or two.
The members of the GoM also met industry stakeholders late last month to hear their concerns.
In the report submitted to the Council last month, the GoM had recommended that online gaming should be taxed at the full value of the consideration, including the contest entry fee paid by a player for participating in the game.
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