Union Finance Minister Nirmala Sitharaman said on Wednesday that the 51st GST Council meeting 28 per cent GST on online gaming and casinos is expected to be implemented from October 1.
“It (28 per cent GST on online gaming & casinos) is expected to be implemented from 1st October,” Nirmala Sitharaman said. The 51st GST Council meeting was held on Wednesday. It was presided by Union Finance Minister Nirmala Sitharaman. The council also recommended the valuation of supply on online gaming should be done on the amount paid or payable or payable to or deposited with the supplier on behalf of the player.
“The council recommended that valuation of supply on online gaming and actionable claims in casinos may be done based on the amount paid or payable or payable to or deposited with the supplier by/or on behalf of the player, excluding the amount entered into the games, bets out of winnings of previous games and not on the total value of each bet placed…,” Sitharaman said.(ANI)
