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online gaming: GoM on casinos, online gaming, horse racing to submit report to FM Nirmala in a day or two: Sources

ministers on taxation of casinos and online gaming is likely to submit its report to Finance Minister Nirmala Sitharaman in a day or two, government sources said on Thursday. The GST Council is likely to meet towards the end of this month or early September and discuss the report of the Group of Ministers (GoM), the sources added. The GoM, under…

Industry ・ 11 August 2022

Business Standard

GoM on casinos, online gaming to submit report to FM in 1-2 days: Report

A panel of state finance ministers on taxation of casinos and online gaming is likely to submit its report to Finance Minister Nirmala Sitharaman in a day or two, government sources said on Thursday. The GST Council is likely to meet towards the end of this month or early September and discuss the report of the Group of Ministers (GoM), the sources…

Industry ・ 11 August 2022

Mint

GST on online gaming, casinos? Here's what is on proposal

A panel of states' finance ministers is likely to submit their report on taxation of casinos and online gaming to FM Nirmala Sitharaman in a day or two, as per a report by PTI news agency. At present, the current rate of GST on this sector of the online skill gaming industry is 18% on the Gross Gaming Revenue (GGR) and 0% on Contest Entry Fee…

Industry ・ 11 August 2022

Business Standard

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

The state finance ministers' panel looking to bring online gaming and casinos under GST failed to reach a consensus on Tuesday and decided to finalise its report by August 10. Officials said the Group of Ministers (GoM) held a virtual meeting on Tuesday and discussed various methods of taxation of casinos, horse racing and online gaming. The panel…

Industry ・ 12 July 2022

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Mint

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

The Group of Ministers (GoM) will finalise its report on taxing casinos, online gaming and horse racing by 10 August. In a virtual meeting held on Tuesday, the GoM discussed various methods of taxation of casinos, horse racing and online gaming. According to reports, the state finance ministers' panel looking to bring online gaming and casinos…

Industry ・ 12 July 2022

Devdiscourse

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

The state finance ministers' panel looking to bring online gaming and casinos under GST failed to reach a consensus on Tuesday and decided to finalise its report by August 10. Officials said the Group of Ministers (GoM) held a virtual meeting on Tuesday and discussed various methods of taxation of casinos, horse racing and online gaming. The panel…

Industry ・ 12 July 2022

CNBC TV 18

West Bengal Pushes For 28% Gst To Discourage Online Gaming And Casinos A Day Before Panel Meets

West Bengal finance minister Chandrima Bhattacharya has told Network18 that the state would advocate a 28 percent goods and services tax (GST) charge to discourage online gaming, casinos, and horse racing. This comes after Goa objected to an earlier recommendation and said that casinos needed to be treated differently.The Group of Ministers (GoM)…

Industry ・ 11 July 2022

Brand Equity

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

The Group of Ministers (GoM) 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 GoM for further discussion and set a deadline of July 15 for the…

Industry ・ 09 July 2022

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Financial Express

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 of Ministers (GoM) for further discussion and set a deadline of…

Industry ・ 08 July 2022

Mint

Decision on GST levy on casinos and online gaming on July 12

The Group of Ministers on casinos, online gaming and horse racing will meet on July 12 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 of Ministers (GoM) for further discussion and set a deadline of…

Industry ・ 08 July 2022

Hindustan Times

Casinos, online gaming, horse racing likely to pay 28 per cent GST: Report

The GST Council in its meeting this week is likely to vet a proposal of the panel of state finance ministers on levying 28 per cent GST on online gaming, casinos and horse racing, sources said. The Group of Ministers, headed by Meghalaya Chief Minister Conrad Sangma, has recommended that online gaming should be taxed at full value of the…

Industry ・ 27 June 2022

Daily Excelsior

28 pc GST likely on Casinos, Online gaming

NEW DELHI, June 26: The GST Council in its meeting this week is likely to vet a proposal of the panel of State Finance ministers on levying 28 per cent GST on Online gaming, casinos and horse racing, sources said.The Group of Ministers, headed by Meghalaya Chief Minister Conrad Sangma, has recommended that online gaming should be taxed at full…

Industry ・ 26 June 2022

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Business Standard

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

The GST Council in its meeting this week is likely to vet a proposal of the panel of state finance ministers on levying 28 per cent GST on online gaming, casinos and horse racing, sources said. The Group of Ministers, headed by Meghalaya Chief Minister Conrad Sangma, has recommended that online gaming should be taxed at full value of the…

Industry ・ 26 June 2022

Zee News

28% GST likely on casinos, online gaming, horse races on gross revenue: Report

New Delhi: The GST Council in its meeting this week is likely to vet a proposal of the panel of state finance ministers on levying 28 per cent GST on online gaming, casinos and horse racing, sources said. The Group of Ministers, headed by Meghalaya Chief Minister Conrad Sangma, has recommended that online gaming should be taxed at full value of the…

Finance ・ 26 June 2022

The Hindu BusinessLine

GoM on GST for casinos, race course and online gaming reconstituted

New Delhi, February 13|Updated on:Feb 13, 2022 The Finance Ministry has reconstituted the Group of Ministers to look into GST-related matters related to casinos, race course and online gaming. However, there is no change in Terms of Reference (ToR) Now, Meghalaya CM K Sangama will be convenor, replacing Nitin Patel, who was dropped from the…

Industry ・ 13 February 2022