Horse racing, casinos and online gaming may be taxed at 28% GST soon
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Horse racing, Casino and online gaming lovers may have to pay higher taxes. ET Now has learnt from sources that Group of Ministers may approve 28% GST on these gambling sports Exclusive Sources GoM may approve 28% GST on Horse racing, Casino and Online gamingGoM is meeting on May 18th to take a final call on GST rateMost states are agreed on 28% GST slab for all three categoriesBut for online games, few states want GST slabs based on sub categories of gamesGoM to discuss flat 28% GST or 18% and 28% based on category of online games GoM to also decide the modalities of tax calculation, on transaction value or on overall value Financial and legal aspect of taxation will be cleared by the GOM on 18th MayFinal report of GoM will be submitted to GST council GST council is expected to meet later this month once GoM report is submittedAlert: At present Casinos, Gaming and horse trading attract 18% GSTStocks to be impacted : Delta Corp, Nazara Tech
