Quick Summary
As of October 1, a 28 percent tax will be imposed on the full face value of bets placed on online games. This decision was made by the GST Council, which includes the Union Finance Minister and representatives from all states, and it is part of the new indirect tax regime. During the panel meeting, Finance Minister Nirmala Sitharaman stated that there were demands from states like Delhi and Goa to review the decision. Delhis finance minister opposed the tax on online gaming, while Goa and Sik
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
2 Years PLAN
3499
(Excl. of GST ₹629)
BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 07941056694
FAQ :
The 28% GST on online gaming will come into effect from October 1st.
The tax will be imposed on the full face value of bets placed on online games.
The decision was made by the GST Council, which comprises the Union Finance Minister and representatives from all states.
No, there have been differing opinions. While states like Karnataka, Gujarat, Maharashtra, and Uttar Pradesh supported the 28% tax, states like Delhi and Goa had reservations, with some preferring a tax on gross gaming revenue.
Yes, the GST Council has stated that the levy will be reviewed six months after its implementation.
The review will assess the impact and effectiveness of the new GST levy on online gaming.
CAclubindia
