28% GST On  Online Gaming

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The panel of state finance ministers is likely to recommend a uniform GST levy of 28 per cent on online gaming

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Currently, online gaming attracts 18 per cent GST.

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Sources said that the GoM report is almost final and would be submitted to the GST Council soon for consideration.

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The Group of Ministers (GoM), chaired by Meghalaya Chief Minister Conrad Sangma, had in its earlier report submitted to the Council in June suggested a 28 per cent GST on on the full value of the consideration.

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Although the GoM deliberated on separate definitions for 'games of skill' and 'games of chance', it finally decided to tax both as demerit goods attracting a 28 per cent GST.

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Online gaming witnessed a spurt during the time of Covid lockdown.As per a KPMG report, the online gaming sector would grow to Rs 29,000 crore by 2024-25 from Rs 13,600 crore in 2021.

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