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Polity & Governance
Mahesh

12/08/23 08:11 AM IST

Back Parliament clears 28% GST on online gaming, casinos

In News
  • The Union Cabinet  cleared a bill to amend laws to bring clarity related to the uniform 28 per cent GST at full face value for online gaming, casinos and horse racing, government sources confirmed.
Major Provisions
  • The statutes to be amended through the latest bill include CGST, IGST and UT GST laws.
  • Tax will be applicable on the face value of the chips purchased in the case of casinos, the full value of the bets placed with the bookmaker/totalisator in the case of horse racing, and the full value of the bets placed in online gaming.
  • The bill recommended inserting a specific provision in IGST Act, 2017, “to provide for liability to pay GST on the supply of online money gaming by a supplier located outside India to a person in India, for single registration in India for the said supplier through a simplified registration scheme and also for blocking of access by the public to any information generated, transmitted, received or hosted in any computer resource used for supply of online money gaming by such supplier in case of failure to comply with provisions of registration and payment of tax”.
  • The valuation of supply of online gaming and actionable claims in casinos may be based on the amount paid or payable to or deposited with the supplier, by or on behalf of the player (excluding the amount entered into games/ bets out of winnings of previous games/ bets) and not on the total value of each bet placed.
  • The council recommended that CGST Rules, 2017, may be amended to insert specific provisions for valuation of supply of online gaming and supply of actionable claims in casino accordingly. The council also recommended issuance of certain notifications/ amendment in the notification related to the issue.
Source- Live mint

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