Business Standard

Friday, December 20, 2024 | 08:54 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

GoM on online gaming, casinos: No consensus yet on 28% GST on gross revenue

GGR is the total amount collected by casinos and online gaming companies before shelling out the money to the winners

No consensus yet on imposing 28% GST on gross gaming revenue
Premium

The GoM, in its first report, recommended that online gaming activities should be taxed at flat 28 per cent on the full value of consideration, without making any distinction between games of skill and chance

Shrimi Choudhary New Delhi
An empowered group of ministers (GoM) tasked by the Goods and Services Tax (GST) Council to look into taxation of online gaming, races and casinos is yet to reach a consensus about imposing 28 per cent levy on gross gaming revenue (GGR). The group may take one or two weeks to finalise the report, although it was expected to be submitted by Wednesday.

The panel headed by Meghalaya Chief Minister Conrad Sangma met in July-end to address concerns of the gaming industry and agreed to impose levy not on the net amount (after removal of prize money) but gross gaming

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in