New Delhi: The panel of finance ministers on GST levying on casinos, online gaming and horse racing will submit its report to the GST council next week, Meghalaya Chief Minister Conrad Sangma said on Friday.
The Sangma-led Group of Ministers (GoM) held its last meeting on the issue earlier this week and is said to have recommended a 28 percent GST levy on online gaming, whether it be a game of skill or chance.
In the absence of consensus on whether the tax should be levied only on the fees charged by the portal or on the full fee, including the amount of the bet received from participants, the GoM has decided to accept all suggestions referring to the GST Council for a final decision.
When asked when the GoM would send the report to the council, Sangam said “We will submit the report next week”.
Currently, online gaming attracts 18 percent GST. The tax is levied on the gross gambling income, which is the costs charged by online gambling portals.
The GoM, in its earlier report submitted to the board in June, had proposed a GST of 28 percent on the full value of the consideration, including the match entry fee, paid by the player without distinction, such as skill or games of chance. However, the council had asked the GoM to reconsider its report.
Tamil Nadu Finance Minister P. Thiaga Rajan told reporters, “A report has already been submitted once. That report will be the basis of whatever the new report is”.
The 8-member GoM includes Thiaga Rajan, Maharashtra Deputy Chief Minister Devendra Fadnavis, Finance Ministers of West Bengal (Chandrima Bhattacharya), Gujarat (Kanubhai Desai), Uttar Pradesh (Suresh Kumar Khanna), Telangana (T Harish Rao) and Goa Industries Minister Mauvin Godinho.