Business Standard

Friday, December 20, 2024 | 11:17 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

GoM for different GST on sports betting, casinos and horse racing

Group of ministers to seek legal opinion for the move

GST
Premium

For now, the GoM has suggested a uniform 28 per cent rate for the three sectors.

Arup Roychoudhury New Delhi
The group of ministers tasked by the Goods and Service Tax (GST) Council to recommend ways to tax online gaming and betting, casinos and horse racing will take further legal opinion and try to differentiate between the three entertainment sectors before making its final recommendations to the council.

It is understood that if the base on which GST is taxed for the three sectors is different for each, then the rates may also be different. For now, the GoM has suggested a uniform 28 per cent rate for the three sectors.

The next meeting of the GST Council is expected

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in