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IN PHOTOS: 28 pc tax on online gaming to become effective from Oct 1, says FM Sitharaman after GST Council mee

Updated On: 02 August, 2023 08:08 PM IST | Anagha Sawant

The decision to impose a 28 per cent tax on the full face value of bets placed on online games will be implemented from October 1 even though there was demand for a review from states like Delhi and Goa, finance minister Nirmala Sitharaman said on Wednesday (Pic/PTI)  

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Union Finance Minister Nirmala Sitharaman during the 51st Goods and Services Tax (GST) Council Meeting, in New Delhi

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Union Finance Minister Nirmala Sitharaman during the 51st Goods and Services Tax (GST) Council Meeting, in New Delhi
The GST Council -- the highest decision making body of the new indirect tax regime that comprises Union finance minister and representatives of all states -- discussed the language of amendments that will be needed to enabling taxing online gaming, she said after the panel meeting  

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The GST Council -- the highest decision making body of the new indirect tax regime that comprises Union finance minister and representatives of all states -- discussed the language of amendments that will be needed to enabling taxing online gaming, she said after the panel meeting

 

The panel had at its last meeting decided to levy a 28 per cent GST on full face value of bets placed and Wednesday's meeting was to deliberate on the tax law changes that would be required to implement it  

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The panel had at its last meeting decided to levy a 28 per cent GST on full face value of bets placed and Wednesday's meeting was to deliberate on the tax law changes that would be required to implement it

 

Sitharaman said Delhi finance minister opposed the levy of the tax on online gaming while Goa and Sikkim wanted the levy on GGR (gross gaming revenue) and not on face value  

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Sitharaman said Delhi finance minister opposed the levy of the tax on online gaming while Goa and Sikkim wanted the levy on GGR (gross gaming revenue) and not on face value

 

Sitharaman, however, said other states ranging from Karnataka to Gujarat, Maharasthra and Uttar Pradesh wanted the decision taken at the last meeting to be implemented  

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Sitharaman, however, said other states ranging from Karnataka to Gujarat, Maharasthra and Uttar Pradesh wanted the decision taken at the last meeting to be implemented

 

The new levy, after required changes are made in the central and state laws, is likely to come into effect from October 1, she said  

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The new levy, after required changes are made in the central and state laws, is likely to come into effect from October 1, she said

 

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