The decision to impose a 28 per cent tax on the full face value of bets placed on online games will be implemented from October 1 even though there was demand for a review from states like Delhi and Goa, Finance Minister Nirmala Sitharaman said on Wednesday.
The GST Council – the highest decision making body of the new indirect tax regime that comprises Union Finance Minister and representatives of all states – discussed the language of amendments that will be needed to enabling taxing online gaming, she said after the panel meeting.
The panel had at its last meeting decided to levy at 28% GST on full face value of bets place and Wednesday’s meeting was to deliberate on the tax law changes that would be required to implement it.
Source: Deccan Herald
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