Tag: gst council meeting today press release

GST Council Keeps 28% Tax on Online Gaming, To Be Effective From Oct 1, Review After 6 Months
Business

GST Council Keeps 28% Tax on Online Gaming, To Be Effective From Oct 1, Review After 6 Months

51st GST Council meeting on online gaming on Wednesday, August 2. (Photo: Twitter/ Finance Ministry)GST Council Meeting On Online Gaming: FM Nirmala Sitharaman says the decision to impose 28 per cent was taken after three long years of discussionsGST Council Meeting on Online Gaming: The 51st GST Council, chaired by Union Finance Minister Nirmala Sitharaman, on Wednesday decided to keep the 28 per cent tax on online gaming, casino and horse racing, and discussed the modalities to implement it. Addressing media after the Council meeting, Sitharaman said the 28 per cent GST on online gaming is expected to be implemented from October 1 and will be reviewed after 6 months of its implementation.In the press conference, the finance minister said the decision to impose the 28 per cent tax was t...