The Group of Ministers (GoM) held its last assembly on the problem earlier this week. (File)

New Delhi:

The state finance ministers’ panel for GST (Items and Providers Tax) levy on casinos, on-line gaming and horse racing will submit its report back to the GST Council subsequent week, Meghalaya Chief Minister Conrad Sangma stated on Friday.

Conrad Sangma-headed Group of Ministers (GoM) held its last assembly on the problem earlier this week and is known to have beneficial a GST levy of 28 per cent on on-line gaming, no matter whether or not it’s a sport of talent or probability.

Nevertheless, within the absence of consensus on whether or not the tax ought to be levied on solely the charges charged by the portal or all the consideration, together with the wager quantity acquired from contributors, the GoM has determined to refer all of the solutions to the GST Council for a last choice.

Requested when the GoM would ship the report back to the council, Conrad Sangma stated: “We’ll submit the report subsequent week”.

At present, on-line gaming attracts 18 per cent GST. The tax is levied on gross gaming income, which is the charges charged by on-line gaming portals.

The GoM in its earlier report submitted to the council in June had steered a 28 per cent GST on the total worth of the consideration, together with the competition entry charge, paid by the participant with out making a distinction resembling video games of talent or probability. Nevertheless, the council had requested the GoM to rethink its report.

Speaking to reporters, Tamil Nadu Finance Minister P Thiaga Rajan stated, “There was already a report submitted as soon as. That report would be the foundation of no matter the brand new report is”.

The 8-member GoM embrace Thiaga Rajan, Maharashtra Deputy Chief Minister Devendra Fadnavis, Finance Ministers of West Bengal (Chandrima Bhattacharya), Gujarat (Kanubhai Desai), Uttar Pradesh (Suresh Kumar Khanna), Telangana (T Harish Rao), and Goa Industries Minister Mauvin Godinho

(Apart from the headline, this story has not been edited by NDTV employees and is printed from a syndicated feed.)

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