The group of ministers contemplating a uniform 28% items and companies tax on casinos, race horses and on-line gaming has acquired an extension to submit its report.
The GoM was granted an extension until Aug. 10 to submit its ultimate report after the stakeholders offered their arguments on Tuesday, in accordance with an individual conscious of the matter. The GoM was earlier anticipated to submit the report by July 15.
The subsequent GST Council assembly, scheduled for the primary week of August in Madurai, can be more likely to be pushed to the third week of the month, the particular person mentioned on the situation of anonymity as particulars will not be public but.
On the final GST Council meet in Chandigarh in June, Goa Minister for Transport and Panchayat Mauvin Godinho had sought a assessment of the GST fee on casinos. The council then agreed to assessment GST on horse racing, casinos and on-line gaming.
The GoM is anticipated to fulfill as soon as earlier than submitting the report.
Chaired by Meghalaya Chief Minister Conrad Sangma, the GoM is contemplating a uniform GST fee on horse racing, on-line gaming and casinos as these are thought of betting and playing. It could additionally counsel whether or not on-line gaming needs to be taxed on the gross income.
