GST Council meet: Revenue from e-gaming GST up 412%, says FinMin
After Monday's GST Council meet, Finance Minister Nirmala Sitharaman emphasised that the significant revenue increase is attributed to the higher tax levy on online gaming.
After Monday's GST Council meet, Finance Minister Nirmala Sitharaman emphasised that the significant revenue increase is attributed to the higher tax levy on online gaming.
The agenda on the GoM report on casinos, race courses and online gaming, and setting up of GST Tribunals could not be taken in today’s meeting.
A group of ministers under the GST Council has recommended 28% GST on online gaming, casinos and horse racing on the lines of betting.
The need to make states fiscally more empowered can’t be overstated; SC’s recent order paves the way for discretionary space in GST to enable this, which states may rush to occupy.
Top sources say the Council will discuss hiked GST rate on textile, which has been opposed by trade bodies due to feared loss of business.