Monday, August 15, 2022

GoM sticks to 28% GST on online gaming

GoM on Tuesday concluded a meeting concerning online gaming, horse racing and casino which suggested no change in the suggested GST rate of 28%, ET Now reported citing sources.
However, the group of ministers will meet once again before submitting the final report to the GST Council. The final report on the issue is likely to come out on August 10, 2022.
The 47th GST Council meeting, chaired by finance minister Nirmala Sitharaman, had last month decided to constitute a GoM to address various concerns raised by the states in relation to the constitution of the GSTAT.
“In its 47th meeting held on June 28-29 in Chandigarh, the GST Council discussed the changes required in provisions pertaining to the GST Appellate Tribunal in the GST Laws to bring it in conformity with judgements of the courts in relation to various aspects concerning Tribunals,” a finance ministry statement said.
It said that accordingly the Council has decided to constitute a GoM to look into the issues involved. The other members of the GoM include Andhra Pradesh Finance Minister Buggana Rajendranath, Goa Transport Minister Mauvin Godinho, Rajasthan Law and Legal Affairs Minister Shanti Kumar Dhariwal, Uttar Pradesh Finance Minister Suresh Khanna and Odisha Finance Minister Niranjan Pujari.
The GOM on GSTAT shall recommend necessary amendments required in the GST laws to ensure that the legal provisions to maintain the right federal balance, and are in line with the overall objective of uniform taxation within the country, said the notification.

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