Meghalaya Chief Minister Konrad Sanma said on Friday that a group of state finance ministers will submit a report to the GST committee next week to collect GST (goods and services tax) on casinos, online gaming and horse racing.
The Group of Ministers (GoM) led by Conrad Sangma, which held its last meeting on the issue earlier this week, is understood to have recommended a 28% GST on online gaming, be it games of skill or chance.
However, since there is no consensus on whether the tax should be levied only on the fees collected by the portal or on the entire consideration (including betting amounts received from participants), the GoM has decided to refer all proposals to the GST Council for comment final decision.
Asked when the GoM will send the report to the council, Conrad Sangma said: “We will submit the report next week”.
Currently, online gaming is subject to an 18% GST. The tax is levied on gross gaming revenue, the fee charged by online gaming portals.
In an earlier report to the council in June, the GoM proposed a GST of 28% on the full value of the consideration, including match entry fees paid by players, without distinguishing between games of skill or chance. However, the Council has asked the GoM to reconsider its report.
Tamil Nadu Finance Minister P Thiaga Rajan told reporters, “A report has been submitted. This report will form the basis of the new report”.
The 8-member GoM includes Thiaga Rajan, Maharashtra Deputy Chief Minister Devendra Fadnavis, West Bengal Finance Minister (Chandrima Bhattacharya), Gujarat (Kanubhai Desai), Uttar Pradesh (Suresh Kumar Khanna), Thrun Ganabon (T Harish Rao) and Minister of Industry of Goa Moving Godinho
(Aside from the title, this story is unedited by NDTV staff and published via a syndicated feed.)
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