GST council meet: 28% tax on online gaming effective from Oct 1, announces FM
28% tax on online gaming to become effective from October 1, says Finance Minister Nirmala Sitharaman after GST Council meeting on Wednesday.
28% tax on online gaming to become effective from October 1, finance minister Nirmala Sitharaman announced on Wednesday.
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“…The council recommended that valuation of supply on online gaming & actionable claims in casinos may be done based on the amount paid or payable or payable to or deposited with the supplier by/or on behalf of the player, excluding the amount entered into the games, bets out of winnings of previous games & not on the total value of each bet placed…”, the minister announced at the briefing after the meeting.
Sitharaman added that Delhi, Goa and Sikkim had sought review of 28 per cent online gaming tax.