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GST Council expects to approve 28% rate on casinos, online games, and racetracks

By wasmulhaq 
Updated Date
GST Council expects to approve 28% rate on casinos, online games, and racetracks

New Delhi: The GST Council meeting is set to start on Tuesday. This conference is likely to elucidate that a 28% rate could apply to casinos, online games, and race courses without any regard to whether it is a game of skill or chance or both. Industry players have to pay 18% GST in many cases, backed by court orders.

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The Council will take up the report submitted by the Group of Ministers led by Meghalaya chief minister Conrad Sangma during the two-day meeting in Chandigarh.

The panel has recommended that a 28% GST should apply to the entry fee and to the value of the chips or coins purchased at a casino, but not on individual bets placed by the player. According to the proposal, a 28% rate should apply to the full value of the consideration paid by the player for participation in online gaming.

The panel also recommended that once GST is charged on the purchase of coins or chips at casinos, no extra GST should be taxed on the value of bets placed on each round of bets.

There are several members of the GoM, such as Maharashtra Deputy Chief Minister Ajit Pawar, West Bengal Finance Minister Chandrima Bhattacharya, Gujarat Finance Minister Kanubhai Patel, Goa Transport and Panchayati Raj Minister Mauvin Godinho, Tamil Nadu Finance Minister Palanivel Thiaga Rajan, Uttar Pradesh Finance Minister Suresh Kumar Khanna and Telangana Finance Minister Thanneeru Harish Rao.

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