Casinos and internet gaming: The GoM has agreed to a 28 percent GST increase

3. Casinos and internet gaming The GoM has agreed to a 28 percent GST increase

Goods and Services Tax Council assigned a group of ministers (GoM) to analyze the taxation of online gaming. The GoM discussed various aspects of casinos, racecourses and other online gaming. The GoM reached a consensus on increasing GST on online gaming from 18 % to 28%.

The GoM led by Meghalaya Chief Minister Conrad K Sangma. According to Sangma, the annual turnover of online gaming is Rs 30,000 crore and annual growth is 25-30 %. The next meeting to discuss more technical aspects will hold in May.

West Bengal Finance Minister Chandrima Bhattacharya, a member of the GoM, announced on Tuesday that the group had reached an agreement and that the panel had asked officers to investigate the valuation mechanisms for levying the tax.

However, several organizations, notably the powerful Meghalaya United Christian Forum (MUCF), expressed concern and shock at the state government’s decision.

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