Equus caballus Racing, Casinos And Online Gaming May Be Taxed At 28% GST Soon | Et Now News | Latest

Equus caballus racing, Casino and online gaming lovers may have got to pay higher taxes. ET Now has learnt from sources that grouping of Ministers may approve 28% GST on these gambling sports

Exclusive Sources

GoM may approve 28% GST on Equus caballus racing, Casino and Online gaming

GoM is meeting on May 18th to take a final call on GST rate

Most states are agreed on 28% GST slab for all three categories

But for online games, few states want GST slabs based on sub categories of games

GoM to discuss level 28% GST or 18% and 28% based on category of online games

GoM to also decide the modalities of tax calculation, on transaction value or on overall value

Financial and legal aspect of taxation will be cleared by the GOM on 18th May

Final report of GoM will be submitted to GST council

GST council is expected to meet later this month once GoM report is submitted

Alert: At present Casinos, Gaming and Equus caballus trading attract 18% GST

Stocks to be impacted : Delta Corp, Nazara Tech
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