Karnataka plans to implement 28 percent GST on the real-money gaming sector through a draft ordinance, making it one of the first states to bring in the new tax rates for the burgeoning sector.
Sources said the state cabinet meeting on September 7 is likely to discuss the draft ordinance. A senior government official said the government needs to introduce an ordinance since the GST Council, headed by Finance Minister Nirmala Sitharaman, has asked all states to implement the decision by October 1, 2023.
“The finance department has prepared the draft ordinance and it will be presented before the state cabinet,” the official said.
Karnataka’s revenue minister, Krishna Byre Gowda, who represented the state in the GST council said the council deliberated on the matter for about two years and the decision was made after “prolonged and exhaustive discussion and deliberation”.
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