The 52nd Goods and Services Tax (GST) Council is to be held on October 7, 2023, Saturday at Vigyan Bhavan, New Delhi. The meeting will be presided by the Union Finance Minister Smt. Nirmaa Sitharaman along with Revenue Secretary, State Finance Minister..etc.
The key highlights of the 51st GST Council meeting held on 2nd August 2023:
- No Change for 28% GST on Online Gaming, Casinos, Horse Racing
- Amendments in CGST and SGST Act regarding online gaming taxes
- Council to review GST implementation of online gaming after its 6 months implementation period for online gaming
- Approves clear definition of actionable claims
- Approves inclusion of Online Money Gaming in definition of Online Gaming
- Approves definition of online money gaming includes games based on both skill & chance
- Approves definition of online gaming as those ‘offered on internet or e-network including online money gaming’
- Offshore Gaming companies registration and liable to action under IT act if not complied with provisions.
- Council to differentiate Online gaming and online money gaming
- Notifications will be provided on ‘Place of supply’ if required.
As mentioned by the Revenue Secretary during the previous council meeting, a review of these online gaming amendments will be conducted after six months of implementation.
Also read: CBIC Notifies Amendment to CGST Rules as per Recommendations of 51st GST Council Meeting
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