THE CENTRE WILL likely issue an ordinance to give effect to the Goods and Services Tax (GST) Council's decision to impose a uniform 28% tax on online money gaming, casinos and horse racing on the full face value of the entry-level bets, without making any distinction between games of skill and chance.
To enforce the Council decision on the tax rate and related amendments such as enforcement of the tax on offshore gaming firms, the Centre may bring amendments to the Central GST Act in Lok Sabha on Friday, the last day of sitting of the ongoing Monsoon Session of Parliament. In view of the debate on no-confidence motion, there won't be any legislative business on Wednesday and Thursday.
So due to the paucity of time, the matter is unlikely be taken up in the Rajya Sabha even if it is approved by the Lok Sabha on Friday itself, sources told FE. Given this scenario, the law may be amended via the Ordinance route for now, with parliamentary assent to be obtained in the Winter Session.
This story is from the August 09, 2023 edition of Financial Express Mumbai.
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This story is from the August 09, 2023 edition of Financial Express Mumbai.
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