Quick Summary
Recommendations of 51st GST Council Meeting GST Council recommends certain amendments in CGST Act 2017 and IGST Act 2017, including amendment in Schedule III of CGST Act, 2017, to provide clarity on taxation of supplies in casinos, horse racing and online gaming GST Council also recommends inserting a specific provision in IGST Act, 2017 to provide for liability to pay GST on supplier located outside India supplying online money gaming to a person in India GST Council recommends GST on
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FAQ :
The 51st GST Council meeting focused on clarifying and amending laws related to the taxation of supplies in casinos, horse racing, and online gaming.
The GST Council recommends a tax rate of 28% on the full face value for actionable claims supplied in casinos, horse racing, and online gaming.
A specific provision will be inserted into the IGST Act to make suppliers located outside India liable to pay GST on online money gaming supplied to persons in India, with a simplified registration scheme.
Valuation will be based on the amount paid or payable by the player, excluding winnings re-entered into games, not the total value of each bet.
Efforts will be made to complete the amendments to the Act and bring them into effect from 1st October 2023.
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