The GST (Tax) Levy Panel on Online Gaming and Casinos Will Submit a Report the Following Week

The tax is levied on net gaming income, which are the fees paid by online gaming portals . The tax is levied on net gaming income, which are the fees paid by online gaming portals .

On Friday, Meghalaya Chief Minister Conrad Sangma said that the state finance ministers panel for the GST (Goods and Services Tax) levy on casinos, online gaming, and horse racing would present its report to the GST Council next week.The tax is levied on net gaming income, which are the fees paid by online gaming portals.In a previous report submitted to the council in June, the GoM had proposed a 28% GST on the full value of the consideration, including the contest entry fee, paid by the player without making a distinction such as games of skill or chance.However, Tamil Nadu Finance Minister P Thiaga Rajan said, the government had requested that the GoM reconsider its report.

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