The Goods and Services Tax (GST) Council is slated to reassess the 28% taxation currently applied to online gaming, casinos, and horse racing. This review is anticipated to take place during the council's upcoming meeting in Delhi.
Key takeaways
- The GST Council will review the 28% levy.
- The review pertains to online gaming, casinos, and horse racing.
- The meeting is scheduled for June 22, 2024.
- The meeting will be held in Delhi.
Upcoming Review
The 28% Goods and Services Tax (GST) on online gaming, casinos, and horse racing has been a point of discussion since its implementation. The forthcoming meeting of the GST Council aims to revisit this taxation structure.
Stakeholders in these industries have expressed concerns regarding the impact of the 28% levy. The June 22 meeting in Delhi is expected to provide an opportunity to discuss these matters further and potentially consider adjustments to the current tax framework.
Indian context
The GST Council's review holds significant implications for the online gaming, casino, and horse racing sectors within India. This decision could impact businesses and users in the country's burgeoning skill-gaming market.
Source: News18 — read the full original report.
