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Gst Gom Report On Online Gaming, Casinos, Race Courses Finds No Consensus, Say Officials

The GST Council nominated Group of Ministers (GoM) report on taxation of online gaming, casinos and race courses was submitted by convener Conrad Sangma to union Finance Minister Nirmala Sitharaman on Thursday. The GoM could not reach a consensus on the issue. Goa suggested that platform fees/service charge may be taxed at existing rate of 18%. Uttar Pradesh, West Bengal and Gujarat want to tax the full value of bets placed on online games. Maharashtra proposes abatement for the purposes of determination of taxable value. The report also discussed the difference between games of chance and games with skill.
Law
Gst Gom Report On Online Gaming, Casinos, Race Courses Finds No Consensus, Say Officials
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Brand Equity

GST Council decriminalises some types of offences, defers call on online gaming, horse racing and casinos

GST Council decriminalises some offences and doubles the threshold for launching prosecution. The Council could decide on only 8 out of the 15 agenda items due to paucity of time. The issue of setting up of appellate tribunals for GST was not considered. There was no discussion on online gaming and casinos. Sports utility vehicles will have a higher tax rate. They will also have to meet certain criteria. It is a consistent definition across all states. This is to prevent confusion among automakers. No new taxes have been brought. Tax rate on husk of pulses reduced to nil from 5%.
Industry
GST Council decriminalises some types of offences, defers call on online gaming, horse racing and casinos
The Indian Express

GST on online gaming, casinos, racing: issues in the debate

The panel met on Tuesday (November 22) to discuss the valuation mechanism for the GST. The final call will be taken by the GoM. Online gaming currently contributes more than Rs 2,200 crore of GST and is expected to grow to Rs 29,000 crore by 2024-25.
Industry
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online gaming ban: Ban promotion of online gambling, Karnataka BJP MLA implores Centre

Karnataka moved the Supreme Court challenging the High Court judgment early this year that quashed key amendments to the Karnataka Police Act, 1963. Former law and education minister S Suresh Kumar has written to Union Ministers Amit Shah and Nirmala Sitharaman urging them to ban the promotion of online games involving monetary bets through advertisements, text messages, mobile calls and other forms of marketing.
Law
Financial Express

28% GST on gambling-like online games

The GoM report on online gaming, horse racing and casinos was not discussed at the GST Council on its meeting on Saturday. Online games where winning is dependent on a certain outcome would attract 28% GST on the full bet value.
Industry
28% GST on gambling-like online games
Hindustan Times

GST: GoM on online gaming, casinos submits report to Sitharaman

GST Council panel of state ministers set up to look into taxation of online gaming and casinos has submitted its report to Finance Minister Nirmala Sitharaman. The next meeting of the Council is on Saturday (December 17). The last meeting agreed on a 28% GST on online casinos and horse racing. Currently, online games attract 18% tax. The tax is levied on gross gaming revenue, which is the fees charged by the online portals.
Industry
GST: GoM on online gaming, casinos submits report to Sitharaman
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ABP News Live

Online Gaming Needs Regulatory Body In India To Classify Games Based On Skill Or Chance Strict Rules Govt Panel

Report from a government panel says India needs a new federal online gaming law. It also recommends a body which will classify online games based on skill or chance. The report will be sent to the cabinet secretariat for approval. India's mobile gaming industry is expected to reach $5 billion by 2025. State governments are considering banning some games, such as rummy. Many offshore betting and gambling websites are popular in India. A senior government source said that although the federal government could classify chance-based games as harmful, it would let states make the final call on whether to allow gambling.
Law
ABP News Live

Online Gaming Ban Tamil Nadu Epwa Request Dont Brand Skill Based Gamers As Gamblers Criminalise

Tamil Nadu government is looking to introduce regulations on online gaming. There have been at least 20 deaths by suicide in the state due to financial debts from online games. The non-profit EPWA wants the government to not criminalise online skill-based gamers. The government will take a call after reviewing the report. It constituted a committee led by former Madras High Court judge K Chandru to look into the issue.
Industry
Online Gaming Ban Tamil Nadu Epwa Request Dont Brand Skill Based Gamers As Gamblers Criminalise
Brand Equity

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

GST Council will discuss the report of the Group of Ministers on the taxation of casinos, horse racing and online gaming. The GoM, under Meghalaya Chief Minister Conrad Sangma, will submit its report to FM Nirmala in a day or two. The members of Gom met industry stakeholders late last month to hear their concerns. They recommended that online games should be taxed at the full value of consideration. In the case of racecourses, they suggested that GST should also be levied on full amount of bets pooled in the totalisators and placed with the bookmakers.
Industry
online gaming: GoM on casinos, online gaming, horse racing to submit report to FM Nirmala in a day or two: Sources
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Business Standard

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

GoM on casinos, online gaming to submit report to FM in 1-2 days. 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 GoM, under Meghalaya Chief Minister Conrad Sangma, proposed to the GST council to levy 28 per cent GST on gross sales value as horse racing, and casinos are akin to betting or gambling. Goa wanted further discussions with regard to casinos and the Gom will submit a final report by July 15.
Industry
GoM on casinos, online gaming to submit report to FM in 1-2 days: Report
ABP News Live

Online Gaming Regulation Tamil Nadu Invite Stakeholder General Public Input Legislation Rummy Poker Gambling Nirmala Sitharaman Gom Gst

Tamil Nadu government is seeking public feedback on proposed legislation to control online rummy. The general public can send their feedback over emails to [email protected] until August 12. Stakeholders' meeting will be held on August 11. Centre is exploring imposition of Goods and Services Tax (GST) on online gaming. Group of Ministers (GoM) is set to finalise its report on a possible 28 percent GST on the matter on 10 August. The GoM met industry representatives and leading operators to discuss the valuation approach for GST.
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Online Gaming Regulation Tamil Nadu Invite Stakeholder General Public Input Legislation Rummy Poker Gambling Nirmala Sitharaman Gom Gst
Hub News

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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Sakshi Post

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
Brand Equity

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
5 Dariya News

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
India Today

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
City Today

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
Mint

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
The Coin Republic

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Finance
Taxes on Crypto Gambling Wins