Quick Summary
Revenue Secretary Sanjay Malhotra provides clarity on GST implementation timeline during GST Council meeting In a significant development, 18 Indian states have successfully passed legislative changes to implement a 28% Goods and Services Tax (GST) on various forms of online gaming, horse racing, and casino activities. This announcement came during a briefing by Revenue Secretary Sanjay Malhotra after the recent GST Council meeting. According to Mr. Malhotra, all the remaining states have
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 money gaming, horse racing, and casino activities will take effect from October 1st, 2023.
Eighteen Indian states have passed legislative changes, and all remaining states have agreed to implement the 28% GST on online gaming.
States yet to pass legislation will do so either through amendments to existing state laws or by way of Ordinances.
Yes, Delhi's Finance Minister raised concerns that the 28% tax rate could stifle the online gaming industry and negatively impact the startup ecosystem.
Delhi's Finance Minister mentioned tax notices amounting to approximately ₹1.5 trillion, though the central government did not confirm this specific figure.
CAclubindia
