The Customs and Excise Council (GST) has asked the Inter-Ministerial Council (GoM) to reconsider the tax rate on horse racing, online games and casinos on July 15, Finance Minister Nirmala Sitharaman told reporters after a two-day conference.
GoM led by Meghalaya Prime Minister Conrad Sangma has been asked to reconsider stakeholder submissions on how to measure and submit its report on July 15, Ms Sitharaman said.
The council will meet again in the first week of August to decide on the matter, he added.
The Council, in its 47th session, discussed the proposal to set a maximum of 28 percent for all activities related to online games, casinos and horse racing, including player entry fees. Deliberately Tax Rates Over Online Games, Casinos July 15: Nirmala Sitharaman
The GST Council is led by the Minister of Finance of the Union Nirmala Sitharaman.
New DelHI: The Goods and Services Tax Council (GST) has asked the Goal Minister (GoM) to reconsider the tax rate on horse racing, online games and casinos on July 15, Finance Minister Nirmala Sitharaman told reporters after. two-day meeting.
GoM led by Meghalaya Prime Minister Conrad Sangma has been asked to reconsider stakeholder submissions on how to measure and submit its report on July 15, Ms Sitharaman said.
The council will meet again in the first week of August to decide on the matter, he added.
The Council, in its 47th session, discussed the proposal to set a maximum of 28 percent for all activities related to online games, casinos and horse racing, including player entry fees.
On the first day, the Council, led by Ms Sitharaman and her government partners, also negotiated tax adjustments on other goods and services, including the delivery of pre-packaged and labeled food under the tax net to avoid avoidance.
GST was introduced on July 1, 2017, and the provinces were guaranteed compensation for the loss of revenue until June 2022, arising from the issue.
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