GST council meet: 28% tax on online gaming effective from Oct 1, says FM Sitharaman

 

28% tax on online gaming to become effective from October 1, says Finance Minister Nirmala Sitharaman after GST Council meeting on Wednesday.

28% tax on online gaming to become effective from October 1, finance minister Nirmala Sitharaman announced on Wednesday. .

.The council recommended that valuation of supply on online gaming & actionable claims in casinos may be done based on the amount paid or payable or payable to or deposited with the supplier by/or on behalf of the player, excluding the amount entered into the games, bets out of winnings of previous games & not on the total value of each bet placed...”, the minister announced at the briefing after the meeting. 

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