GST Council retains 28% on online gaming
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New Delhi: GST council on Wednesday decided to keep 28 per cent GST on online gaming intact. The GST will be charged on full face value of online gaming, said GST Council. Framework will also be decided for overseas online gaming. e-Gaming wider definition has also been approved.
The GST council met here to take a final call on levying 28 per cent GST on online gaming, casinos, and horse racing, amid requests from the gaming industry to revoke the decision, claiming that it will hurt the nascent sector’s growth. The meeting of the GST council, which is headed by Finance Minister Nirmala Sitharaman, was held virtually.
On July 11, the GST council decided that there will be a 28 per cent GST levy on full value of gaming, horse racing and casinos.
The decision had led to disappointment in the gaming industry, which had even written to the finance ministry, urging it to revoke the decision. On Wednesday, the meeting is likely to take a final call on the proposal to levy 28 per cent GST on online gaming, casinos and horse racing.
