homefinance NewsGST Council to meet on August 2 to approve 28% tax on online gaming, casinos and race courses

GST Council to meet on August 2 to approve 28% tax on online gaming, casinos and race courses

GST Council is likely to met on August 2 to approve rules to implement 28 percent GST on online gaming, casinos and race courses, according to sources.

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By Timsy Jaipuria  Jul 26, 2023 3:43:23 PM IST (Published)

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GST Council to meet on August 2 to approve 28% tax on online gaming, casinos and race courses
GST Council is likely to meet on August 2 to approve rules to implement 28 percent GST on online gaming, casinos and race courses, according to sources.

The GST Council on July 11 announced that a 28 percent tax will be imposed on the turnover of online gaming companies, horse racing and casinos. The decision received a lot of backlash from the gaming industry, which called it a “killer blow”.
This is a developing story.

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