GoM on casinos, online gaming taxation likely to submit final report in 7-10 days – Blue Barrows

The panel of states’ finance ministers on casino and online gaming taxation is likely to submit the final report in 7-10 days.

The Group of Ministers (GoM), headed by Meghalaya chief minister Conrad Sangma, will however, meet stakeholders said seek legal opinion before submitting the final report.

“After taking the opinion of stakeholders and after successive meetings to seek the suggestions of all members, we will take legal opinion before submitting the final report,” Sangma.

In an earlier report, the panel had recommended GST Council a levy of 28 per cent GST on gross sales value as horse racing, online gaming and casinos are akin to betting or gambling.

Sources said the panel is also open to considering different rates and valuation mechanisms for online gaming, casinos, and horse racing.

The eight-member GoM was set up by the government in May last year for better valuation of services of casinos, online gaming portals and race courses for levying GST.

The GoM also includes 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.