GoM to reportedly submit its report onGST levy rate on online gaming, casinos and horse racing

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The Group of Ministers (GoM), formed by the Ministry of Finance to decide the GST levy rate on online gaming, casinos and horse racing, will reportedly submit its report in a day or two to Finance Minister Nirmala Sitharaman.

According to sources cited by news agency PTI, the GST Council would likely meet at the end of August or in the first part of September to consider the report’s contents. Conrad Sangma, the chief minister of Meghalaya, presided over the GoM’s most recent meeting on July 12, although little progress was made toward determining the GST rate. The GoM had recommended imposing a 28% GST on the gross sales value of horse racing, internet gaming, and casinos in a previous report that was brought before the Council.

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GoM to reportedly submit its report onGST levy rate on online gaming, casinos and horse racing

The Group of Ministers (GoM), formed by the Ministry of Finance to decide the GST levy rate on online gaming, casinos and horse racing, will reportedly submit its report in a day or two to Finance Minister Nirmala Sitharaman.

According to sources cited by news agency PTI, the GST Council would likely meet at the end of August or in the first part of September to consider the report’s contents. Conrad Sangma, the chief minister of Meghalaya, presided over the GoM’s most recent meeting on July 12, although little progress was made toward determining the GST rate. The GoM had recommended imposing a 28% GST on the gross sales value of horse racing, internet gaming, and casinos in a previous report that was brought before the Council.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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