GST Rate | Online Gaming: GoM suggests no change in GST rate on online gaming, sticks to 28% recommendation

ET Now, citing sources, said the GoM on Tuesday concluded a meeting on online gaming, horse racing and casinos that indicated no change to the proposed 28% GST rate.

However, the group of ministers will meet again before submitting its final report to the GST Council.

A final report on this issue will likely be released on August 10, 2022.

The 47th GST Council meeting chaired by Finance Minister Nirmala Sitharaman decided last month to establish the GoM to address various concerns raised by states over the GSTAT constitution.

“At its 47th meeting held in Chandigarh on June 28-29, the GST Committee discussed the required changes to the provisions of the GST law in relation to the GST Appeal Tribunal to enable the It is in line with the court’s judgment in all aspects of the relevant tribunal,” a Treasury Department statement said.

It said, therefore, that the Council had decided to establish a GoM to investigate the issues involved. Other GoM members 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 notice said the GSTAT GOM should recommend the necessary changes to the GST law to ensure that the legal provisions maintain an appropriate federal balance and are in line with the overall objective of domestic harmonization of taxation.

(input from institution)