According to sources, of the eight members of the Group of Ministers (GoM), only Uttar Pradesh and West Bengal finance ministers are fully in favour of the panel's first report that had recommended 28% GST on online gaming on the full value of the consideration without making any distinction between games of skill and chance.
Some states, including Goa and Gujarat, are understood to have sought GST levy only on platform fees charged by online gaming firms with the former seeking 18% tax and the latter 28%. Maharashtra said there should be no differentiation on the basis of the game of skill and the game of chance, and the tax rate should be the same on actionable claims of horse racing, casino and online gaming. However, it suggested suitable abatement for the purposes of determination of the taxable value of supply of actionable claim.
This story is from the July 07, 2023 edition of Financial Express Mumbai.
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This story is from the July 07, 2023 edition of Financial Express Mumbai.
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