Addressing the press conference after the GST Council meet, finance minister Nirmala Sitharaman said that GST on online gaming was not on the Council’s agenda
The GST Council’s decision to levy 28% GST on real-money gaming was implemented from October 1 2023
The finance minister earlier said that the decision will be reviewed six months after it comes into effect
Online gaming companies, which are awaiting a review of the 28% tax regime for them, failed to get any relief from the Goods and Services Tax (GST) Council as the issue was not discussed during the Council’s meeting on Saturday (June 22).
Addressing a press conference after the meeting of the GST Council, finance minister Nirmala Sitharaman said that GST on online gaming was not on the Council’s agenda, and hence there was no discussion on it.
The GST Council’s decision to levy 28% GST on real-money gaming was implemented from October 1 2023. The finance minister earlier said that the decision will be reviewed six months after it comes into effect.
While there were speculations that the GST Council might review the decision in its meeting today, the subject didn’t find a place on the agenda. It is pertinent to note that it has been over eight months since the 28% GST regime for online gaming came into effect on October 1, 2023.
(The story will be updated soon.)