The panel of ministers tasked to evaluation the GST levy on casinos, race programs and online gaming has finalised its report, which can be taken up within the upcoming GST Council assembly.
The Group of Ministers, chaired by Meghalaya chief minister Conrad Sangma, had in its earlier assembly earlier this month unanimously determined on mountaineering the tax fee on these companies to 28 per cent.
The GoM met once more on Wednesday and finalised the strategy of valuing these companies for the aim of levying this tax.
“The Group of Ministers (GoM) on casinos, race programs & online gaming has come to a consensus. The report of our submissions can be handed over to Hon’ble FM, Smti. @nsitharaman Ji in a day or two & the matter can be offered within the subsequent @GST_Council Meeting,” Sangma tweeted.
At current, companies of casinos, horse racing and online gaming entice 18 per cent GST.
The authorities had in May final yr arrange a panel of state ministers for higher valuation of companies of casinos, online gaming portal and race programs for levying Goods and Services Tax (GST).
The Group of Ministers (GoM) on casinos, race programs & online gaming has come to a consensus.
The report of our submissions can be handed over to Hon’ble FM, Smti. @nsitharaman Ji in a day or two & the matter can be offered within the subsequent @GST_Council Meeting @FinMinIndia pic.twitter.com/n3Zm0yHSbl
— Conrad Sangma (@SangmaConrad) May 18, 2022
The report of the GoM is probably going to be taken up within the subsequent assembly of the GST Council anticipated later this month.
Other state ministers within the eight-member GoM embrace Maharashtra deputy chief minister Ajit Pawar, Gujarat finance minister Kanubhai Patel, Goa panchayati raj minister Mauvin Godinho, Tamil Nadu finance minister P Thiaga Rajan, Uttar Pradesh finance minister Suresh Khanna and Telangana finance minister T Harish Rao.
(Only the headline and film of this report might have been reworked by the Business Standard employees; the remainder of the content material is auto-generated from a syndicated feed.)
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