28 % GST on online gaming & casinos to be effective from Oct 1 this year

Finance Minister Nirmala Sitharaman has said, 28 per cent GST on casinos and online gaming will be levied on the face value. Addressing media after the 51st GST Council Meeting in New Delhi yesterday, Ms.0003 Sitharaman said, the 28 per cent GST on online gaming and casinos is expected to be implemented from the 1st of October. The Minister said, the GST Council in its last meeting had recommended that the law may be amended in this regard to provide clarity in the matter. It recommended certain amendments in the CGST Act 2017 and IGST Act 2017 to provide clarity on the taxation of supplies in casinos, horse racing, and online gaming.