#GST

E-Gaming Federation appreciates the GoM in understanding online skill gaming differently from betting and gambling

Currently, 18% GST is levied on the commission collected by the online skill gaming platforms. The Indian gaming market is expected to grow from its current valuation of $2.2 billion to $7 billion by 2026. The government has set up an inter-ministerial task force (IMTF) and MeITY has held consultations on regulating the industry. It is the sunrise sector with significant potential for overall economic growth, employment opportunities and contribution to the government’s vision of a trillion-dollar digital economy by 2025.
Law
E-Gaming Federation appreciates the GoM in understanding online skill gaming differently from betting and gambling

IAMAI Joins Online Gaming Industry Bodies in Warnings against Proposed GST Hike on Online Gaming

The Internet and Mobile Association of India (IAMAI) has issued an open letter urging the Central Government and the GST Council to preserve the status quo regarding Goods and Services Tax levy on online gaming. Currently, online game companies are charged 18 percent GST over their Gross Gaming Revenue (GGR). The Contest Entry Fees (CEF) are tax free. The Group of Ministers (GoM) which was formed in May last year by the Council recommended a uniform 28 percent levy for all gaming varieties. IAM AI calculates that the implementation of such a recommendation would increase effective taxation by 1,100 percent and destroy the Indian online games industry.
Industry
IAMAI Joins Online Gaming Industry Bodies in Warnings against Proposed GST Hike on Online Gaming
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GoM on GST on Casinos will hear industry stakeholders on 23rd and 24th July

The ministerial panel on casinos, racetracks and internet gaming will meet on July 23rd and 24th in Goa to discuss the tax issues of their respective industries. The deadline for the GoM to submit its final report is August 10. The GST Council will probably meet in the third week of August to consider the panel's suggestions. Conrad Sangma, the chief minister of Meghalaya, called the committee to address the revenue concerns during the June 29th Council meeting in Chandigarh. GoA has raised concerns about how the GST will be computed in cases where a portion of a token purchase was used for food and entertainment and the rest was returned to the counter.
Industry
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Gst Tax Online Gaming Conundrum

A Group of Ministers (GoM) is looking at a taxation regime for casinos, online games and horse racing. Media reports suggest 28 percent tax being imposed on online gaming. The industry is up in arms against the recommendation. It is said that business will move underground or to other jurisdictions. It would be tragic if administrative convenience of GST officers alone makes the case to decide the rate of taxation. There is a need for building capacity and self-regulation to manage present day complexities of the digital economy. iReport.com: The Taxation of Online Games in India: A Complicated and Difficult to Define Scenario.
Finance
Gst Tax Online Gaming Conundrum

GST GoM on casinos to meet on July 23-24

The ministerial panel on casino, race course and online gaming will meet on July 23 in Bengaluru and on 24 in Goa to get industry perspective on taxation of horse racing and casinos. Bangalore Turf Club will make a presentation to the GoM on various aspects of the racing. In GoA, the panel will visit casinos to see how they operate.
Winnings
GST GoM on casinos to meet on July 23-24
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28 Pc GST On Online Gaming, Casinos And Horse Racing

The finance ministers of Goa, Uttar Pradesh, Gujarat, Tamil Nadu, Maharashtra, Telangana and Meghalaya will meet in Bengaluru on July 23 to finalize the imposition of 28% GST on online gaming, casinos and horse racing. The current rate of GST is 18%. The GoM will finalise its report on taxing casinos, online games and horses by August. It will be considered by the Federal GST Council headed by Finance Minister Nirmala Sitharaman. It is proposed to continue the current practice of levying 28 percent GST.
Industry
28 Pc GST On Online Gaming, Casinos And Horse Racing

GST: GoM to finalise report on casinos, online gaming by Aug 10

GST: GoM to finalise report on casinos, online gaming by August 10. The report is likely to be taken up for discussion in the GST Council meeting scheduled to take place in Madurai next month. The GoA Industries Minister Mauvin Godinho highlighted that there was a need for greater detailing and understanding why casinos require a different treatment in taxation. Goa Industries minister Mauvvin had suggested that the report should be finalised by July 15. Other state ministers in GoG include Uttar Pradesh finance minister Suresh Khanna, Gujarat finance Minister Kanubhai Patel, Tamil Nadu finance minster P Thiaga Rajan and Telangana finance Minster T Harish Rao.
Industry
GST: GoM to finalise report on casinos, online gaming by Aug 10

GST on online gaming, casinos: Group of Ministers to finalise report by 10 Aug

The Group of Ministers will finalise its report on taxing casinos, online gaming and horse racing by 10 August. The current rate of GST on this sector is 18%. The report is expected to be taken up for discussion in the GST Council meeting scheduled to take place in Madurai in August and the rate will be increased to 28%. The GoM recommended that the tax should be levied on the full face value of chips/coins purchased from the casino by a player. In the case of racecourses, the report suggested that GST be imposed on bets pooled in totalisators and placed with the bookmakers.
Industry
GST on online gaming, casinos: Group of Ministers to finalise report by 10 Aug
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gst on online gaming: GoM on GST levy on casinos, online gaming to meet on July 12

The Group of Ministers on casinos, online gaming and horse racing will meet on Tuesday to finalise its report on modalities taxing these activities. The GST Council, comprising the Centre and state finance ministers, had referred back the report to the GoM for further discussion and set a deadline of July 15 for the submission of the final report.
Industry
gst on online gaming: GoM on GST levy on casinos, online gaming to meet on July 12

GoM on GST levy on casinos, online gaming to meet on July 12

The Group of Ministers on casinos, online gaming and horse racing will meet on Tuesday to finalise its report on modalities taxing these activities that are akin to gambling. The GST Council, comprising the Centre and state finance ministers, had referred back the report to the Group for further discussion and set a deadline of July 15 for the submission of the final report.
Industry
GoM on GST levy on casinos, online gaming to meet on July 12

GoM On GST For Casinos Online Gaming Horse Racing To Meet On July 12

The panel of ministers advising the government on GST for online gaming, casinos, and horse racing will meet again on July 12. The panel will finalise recommendations on the tax rates for these activities. Online gaming industry associations are concerned about the proposed tax on Full Contest Pool rather than on Gross Gaming Revenue (GGR). The Government has delayed the decision by 15 days. The final decision is expected to be in favour of the gaming industries. It is hoped that the panel's recommendations will be more favourable to them. They are worried about a higher GST rate of 28 percent as against 18 percent.
Industry
GoM On GST For Casinos Online Gaming Horse Racing To Meet On July 12
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GST Council may not increase the tax rate on online gaming, casinos

GST Council adjourned the Group of Ministers' proposal to impose 28% goods and services tax on casinos, online gaming, and lottery. The GoM will submit the report on the issue after 15 days. The gaming community is not happy about the proposal. Industry experts are concerned about combining skill-based and real-money gaming. There are one billion internet users in India and 657 million online gamers in 2025. According to Inc42, the number of internet players in the country is set to cross onebillion in 2023.
Finance
GST Council may not increase the tax rate on online gaming, casinos

Group of Ministers may not tweak 28% GST on online gaming, casinos

Group of Ministers reviewing the goods and services tax slabs for online gaming, horse racing and casinos is unlikely to tweak the 28% rate recommended for these activities. The GoM will only review whether tax should be imposed on the total amount spent at a casino or the amount of money spent on gambling.
Industry
Group of Ministers may not tweak 28% GST on online gaming, casinos

Online gaming is gambling like casinos

Nirmala Sitharaman said that online gaming is gambling. She was speaking at the end of the two-day meeting of Goods and Services Tax Council in Chandigarh. The Group of Ministers (GOM) on betting, casinos, horse racing and online games is in favour of status quo. It will submit its report on July 15 and it will be discussed at next Council meeting in Tamil Nadu's Madurai.
Industry
Online gaming is gambling like casinos

Online Gaming: Taxing online gaming industry on par with gambling will stifle growth: Winzo

GST Council deferred its decision on a 28% tax on casinos, online gaming, horse racing and lottery pending more consultations with stakeholders. Winzo believes India will have 10 unicorns and 5 decacorns in the next five years. India contributes to nearly 17% of global mobile game downloads. The country is all set to establish itself as the gaming superpower of the world. There are over 900 ventures in India's gaming industry.
Law
Online Gaming: Taxing online gaming industry on par with gambling will stifle growth: Winzo

GST council defers 28% tax on online gaming, casinos and horse racing

GST Council has sent the proposal to levy a 28% tax on online gaming, casinos and horse racing back to a Group of Ministers. The GoM has been asked to submit its report by July 15 and it will be taken up in the next GST council meeting in Madurai in first week of August. Goa government had objected to the recommendations during the Gom proceedings. According to existing rules, the three activities are to be taxed without differentiation at 28%.
Finance
GST council defers 28% tax on online gaming, casinos and horse racing

GST Council defers 28% tax on casinos, online gaming, horse racing and lottery

GST Council has deferred a decision on a 28 percent tax on casinos, online gaming, horse racing and lottery pending more consultations with stakeholders. The council will meet again in the first week of August to decide on the issue. Goa and some others wanted to make more submissions. GoM recommended that online games should be taxed at the highest rate of 28%.
Lottery
GST Council defers 28% tax on casinos, online gaming, horse racing and lottery

GST Council Defers 10 Hike On Online Gaming

GST Council Defers 10 Hike On Online Gaming. Karnataka Chief Minister BS Bommai announced that the decision has been deferred. The GoM on online gaming has another 15 days to discuss the issue. The GST rate on the online games falls within 2 slabs – 18% and 28%. Online games that involve financial betting attract 28% GST, while other online game are taxed at 18%. Online gaming platforms which earn commission are liable to pay GST at the rate of 18 percent on their commission. RSM India director Siddharth Surana believes a higher GST of 28%, as against 18%, would have an impact on profitability and pricing of the internet gamers.
Industry
GST Council Defers 10 Hike On Online Gaming

GST Council defers decision to hike tax rate on online gaming to 28%

The Goods and Service Tax Council deferred a decision on the proposal to raise the GST on online gaming from 18% to 28%. Karnataka chief minister BS Bommai said the GoM on Online Gaming has been given another 15 days to discuss the issue. Online gaming is a Rs 30,000 crore industry and growing rapidly in India.
Finance
GST Council defers decision to hike tax rate on online gaming to 28%

Highest tax slab on online gaming may stunt growth

The government's plan to levy highest goods and services tax (GST) slab on online gaming has the industry worried about future growth plans. The GST Council is set to meet on 28 June to decide which slab will be applied. Online gaming firms fear that the government will levy the highest GST slab (28%) on the gross gaming value (GGV) which is the total money deposited by users. The industry expert predicts that fantasy sports firms will have to reduce the prize pools they offer, which will shrink the investments players make on their platforms. They also fear the reduction in the prizes will drive players to offshore betting platforms that offer fantasy sport, online rummy, and poker.
Finance
Highest tax slab on online gaming may stunt growth

28 pc GST likely on Casinos, Online gaming

GST Council is likely to vet a proposal on levying 28 per cent GST on Online gaming, casinos and horse racing. The Group of Ministers, headed by Meghalaya Chief Minister Conrad Sangma, has recommended that online gaming should be taxed at full value. In casinos, the tax would be levied on the full face value of the chips/coins purchased from the casino by a player. No further GST would apply on bets placed in each round of betting. The report of GoM is expected to be taken up in the next meeting of GST Council on June 28-29 in Chandigarh.
Industry
28 pc GST likely on Casinos, Online gaming

28% GST likely on casinos, online gaming and horse racing: Report

28% GST likely on casinos, online gaming and horse racing: Report. The report of the GoM is likely to be taken up in the next meeting of GST Council on June 28-29 in Chandigarh. The Government had in May last year set up a panel of state ministers for better valuation of services of Casinos, Online gaming portal and race courses for levying Goods and Services Tax (GST). AMRG & Associates Senior Partner Rajat Mohan said 28% tax bracket for online games would peg them at par with numerous sin goods like pan masala, tobacco and aerated waters.
Industry
28% GST likely on casinos, online gaming and horse racing: Report

Gst Council To Discuss Gom Report On Online Gaming, Race Courses And Casinos: Sources

GST council will discuss the Group of Ministers' report on online gaming, casinos, and race courses. It will also discuss law changes to facilitate provision for setting up the GST Tribunals. The GST rate is to be hiked from 18 percent to 28 percent on all activities. The full value of consideration, including the contest entry fee, is paid by the player for participation in online games. In the case of race course games, the full amount of bets is pooled in the totalisator and placed with bookmakers.
Industry
Gst Council To Discuss Gom Report On Online Gaming, Race Courses And Casinos: Sources

Online Gaming Bill 2022

The gaming industry in India is estimated to grow to $5 billion by 2025. The proposed bill seeks to create a robust regulatory framework that will oversee the functioning of online gaming websites and curb illegal online games.
Industry
Online Gaming Bill 2022

Online Gaming or Online Gambling: Delhi HC issues notice to Central, Delhi Government on plea to regulate online gaming

Delhi High Court issues notice to the Government of India and the Delhi Government on a petition to regulate online gaming. The case has been scheduled for hearing on November 16. It is also scheduled to hear Writ Petition 9436/2020. The petition asks for a writ of mandamus to take the required steps to construct a regulatory body to govern online games. Also, it demands appropriate action against Cricket Millionaire Pvt. Ltd. which allegedly promotes gambling through games such as Cricket millionaire.
Law
Online Gaming or Online Gambling: Delhi HC issues notice to Central, Delhi Government on plea to regulate online gaming

Big News For Casino Lovers Online Gamblers horse racing in Meghalaya Details Here

Meghalaya wants to introduce casino and online gambling and gaming for tourists. A Group of Ministers recommends hiking the GST rate on casino, race course and on online gaming services to 28%. The existing practice of levying tax at 28% on the entire bet amount is proposed to be continued. The recommendation is subject to the final approval of the Ghandi Council. The Gaddi council will take the decision.
Sports
Big News For Casino Lovers Online Gamblers horse racing in Meghalaya Details Here

Ministerial Group To Recommend 28% Gst On Casinos, Racecourses, Online Gaming

A group of ministers advising the GST Council on the taxation of casinos, race courses and online gaming is set to recommend a 28% GST rate on these items. The report will be handed over to finance minister Nirmala Sitharaman in a day or two. Businesses claim that these are games of skill rather than betting or gambling. Experts are awaiting details of the valuation on which the tax rate will apply. An email sent to the council has not been answered. It remained unanswered at the time of publishing.
Industry
Ministerial Group To Recommend 28% Gst On Casinos, Racecourses, Online Gaming

States, take a chance on online gaming

A ministerial group is advising the Goods and Services Tax Council on taxing casinos, race courses and online gaming. The current 18% tax rate is based on the premise that online games involve skill and do not constitute gambling. It is yet to decide whether the tax will be imposed on gross or net valuation. India is one of the fastest-growing markets for online game. Technology giants like Microsoft and Meta of Facebook fame are placing big bets on online gambling to propel their growth. High courts in Karnataka, Kerala and Tamil Nadu have struck down laws that banned online video games.
Industry
States, take a chance on online gaming

Online Gaming Industry Urges Government To Retain 18% Gst

The online skill-based gaming industry wants to keep the service under the 18 percent GST slab instead of the 28 percent tax rate category. The industry has 400 companies employing about 45,000 people. Online games of skill include e-sports, fantasy games, rummy and poker or chess. Such games are either free to participate or involve real money in the form of platform fees. The current GST rate at 18 per cent is in line with best practices and reduces the incidence of illegitimate operators. At present, services of casino, horse racing and online gaming attract 18% GST.
Industry
Online Gaming Industry Urges Government To Retain 18% Gst

GoM likely to moot flat 28% GST slab for online gaming

GoM will meet next week and make a recommendation on the tax rate for online gaming. The GoM is headed by Meghalaya chief minister Conrad Sangma. There is broad consensus on a flat 28% tax slab for the online games. Industry wants to be taxed on gross gaming revenue and not on transactions taking place. The council will take the final call. Currently, the GST rate applicable on online game involving betting or gambling is 28%, and for games not involving gambling it is 18%.
Industry
GoM likely to moot flat 28% GST slab for online gaming

Gom On Casinos, Online Gaming To Finalise Tax Proposals This Month

Gom On Casinos, Online Gaming To Finalise Tax Proposals This Month. The panel of state finance ministers is unanimous on hiking the GST rate on these to 28%. The next meeting of the GoM should be around the second or third week of May. The current rate is 18%. It is backed by the claim that these are games of skill rather than betting or gambling. However, a call on whether the tax should apply on gross or net valuation will be taken after further deliberations at the officer level. It will take a decision at least until the end of April. There is a consensus on the general principle but some technical aspects still need to be decided.
Finance
Gom On Casinos, Online Gaming To Finalise Tax Proposals This Month

Meghalaya to bet big on casinos, on-line gambling and gaming for tourists

Meghalaya has come up with the Gaming Act 2021. It will allow tourists and visitors to participate in online gambling and betting. Meghlaya was one of the first states to legalize archery-based gambling. UKIBC report said Mehalayas is the most gaming-friendly state in India. It concluded that lottery, poker, rummy, casino and fantasy sports would do well here. The new rules on gaming and gambling did not go well with everyone in the state. They are only for tourists. and tourists from other states or countries.
Travel
Meghalaya to bet big on casinos, on-line gambling and gaming for tourists

No interim relief for petitioners challenging Karnataka’s online gambling law

There is no interim relief for petitioners challenging Karnataka's new online gambling law. The next hearing on the petitions will take place after Diwali in November 2021. Dream11 co-founders Bhavit Sheth and Harsh Jain are challenging an FIR against them for violating the State's gambling ban by continuing the operations of Dream 11 in Karnata after the notification of the new law, which was notified on October 5. The Indian online gaming sector touched about $1 billion in 2020 and is expected to reach $2 billion by 2023. In September, the Kerala High Court quashed the state government’s ban on online rummy played for stakes.
Law
No interim relief for petitioners challenging Karnataka’s online gambling law

Why Online Casinos in India Must Be Brought Under GST Taxation?

Experts are arguing that online casinos in India should be brought under GST taxation. Online casinos are growing in popularity in the country. The only law governing gambling in Indian was created in 1867. There is no improvement in this law since then. The new form of taxation replaced all central and state taxes. It is a single tax from service providers to the consumer. GST is implemented on the value addition at each stage. India is one of the leading financial markets in world. Additional revenue gained from taxation can be used in greater goods such as healthcare and education. Betshah, a popular betting site overseas, recently entered into Indian Market.
Finance
Why Online Casinos in India Must Be Brought Under GST Taxation?

Karnataka Assembly passes three bills related to GST, T&P and online gambling

Karnataka Assembly passes three bills related to GST, T&P and online gambling. The Town and Country Planning (Amendment) Bill and the Karnataka Police (amendment bill) were passed. The bill is intended to curb gaming through internet or mobile applications. It also enhances the punishment for gaming for the orderly conduct of citizens. it is also intended that people should wean them away from the vice of gambling through the internet.
Finance

GST on online Gaming: Are you game?

The online gaming industry in India has seen exponential growth in terms of revenue and usage. The All-India Gaming Federation is following up with the GST Council to provide clarity on the taxability of the revenue derived by the industry. A panel of seven ministers from various state governments has been formed to analyze and evaluate the taxes on online games. The panel has also been asked to review the taxation of horse race clubs and casinos.
Industry
GST on online Gaming: Are you game?

GST Council Sets to Tackle Ambiguous Taxability Issues of Casino and Online Gaming Platforms

GST Council has formed a panel to examine the taxability of services provided by casinos, gaming websites and race courses. The panel will also examine administration of the regulatory framework concerning the valuation of these services. It will advise whether changes to the legal provisions and the methods of valuation are recommended. Panel is to report its findings within a term of six months to GST council.
Law
GST Council Sets to Tackle Ambiguous Taxability Issues of Casino and Online Gaming Platforms

Can Legalizing Online Gambling Help the Indian Economy?

Gambling has been a part of Indian culture for centuries. People in India enjoy online sports betting and online casino games. The online gambling industry is largely unregulated and there are many reasons for its success. It is rampant with fraudulent betting websites and black money transactions.
Law
Can Legalizing Online Gambling Help the Indian Economy?

Kerala HC directs the government to decide the future of online gambling apps in the state

Kerala High Court has asked the state government to decide the future of online gambling apps in the Kerala. The Kerala Gaming Act prohibits gambling and betting in Kerala, but it does not apply to online gaming apps. Other Indian states have considered legalizing and regulating the sector. In the many countries where online betting is legalized, the situation is quite different from that of India.
Mobile Apps
Kerala HC directs the government to decide the future of online gambling apps in the state

How can gambling taxation help during COVID in India?

GST requires casinos, racecourses and other gambling channels to charge 28% on all their entry fees, products and services. India's betting market remains unregulated and largely untaxed. Union budget is struggling to cope with the effects of the global pandemic and runs on large deficits. Taxing online casinos and gambling seems an obvious solution.
Covid
How can gambling taxation help during COVID in India?

What's the tax for online gambling?

The deadline for filing income tax returns in India has been extended to December 31, 2020. Online gambling players need to submit their forms by that date or face a hefty fine.
Finance
What's the tax for online gambling?