Central GST (Amendment) Bill To Be Tabled To Include 28% GST On Online Gaming, Casinos, Horse Race Clubs
The Union Finance Minister Nirmala Sitharaman will introduce the Central Goods and Services Tax (Amendment) Bill, 2023.The Goods and Services Tax (GST) will be levied at a rate of 28% on online gaming, gambling, and horse racing under legislation that the Centre plans to introduce in the Lok Sabha.Online gaming, online gambling for money, virtual digital assets used to purchase online games,...
The Union Finance Minister Nirmala Sitharaman will introduce the Central Goods and Services Tax (Amendment) Bill, 2023.
The Goods and Services Tax (GST) will be levied at a rate of 28% on online gaming, gambling, and horse racing under legislation that the Centre plans to introduce in the Lok Sabha.
Online gaming, online gambling for money, virtual digital assets used to purchase online games, and suppliers in the context of online gaming are all defined in the amended provision of GST laws.
The Union Cabinet on Wednesday approved the modifications to the GST laws.
The GST Council suggested changes to Schedule III of the CGST Act, 2017, at its 51st meeting on August 2 in order to clarify the taxation of supplies made in casinos, horse racing, and online gaming.