The group of ministers responsible for reviewing the GST tax on casinos, racetracks and online gambling has finalized its report, which will be taken up at the next meeting of the GST Council.
The group of ministers, chaired by Chief Minister of Meghalaya, Conrad Sangma, had at its previous meeting earlier this month unanimously decided to raise the tax rate on such services to 28%.
The GoM met again on Wednesday and finalized the method of valuing these services for the purpose of levying this tax.
“The Group of Ministers (GoM) on Casinos, Racetracks and Online Gambling has reached consensus. The report of our submissions will be given to Hon’ble FM, Smti. @nsitharaman Ji in a day or two and the issue will be presented at the next @GST_Council meeting,” Sangma tweeted.
Currently, casino, horse racing and online gaming services are subject to 18% GST.
The government had in May last year set up a group of ministers of state for better assessment of the services of casinos, online gambling portal and racetracks for the collection of goods and services tax ( GST).
The GoM report is expected to be discussed at the next GST Council meeting scheduled for later this month.
Other eight-member GoM ministers of state include Maharashtra deputy chief minister Ajit Pawar, Gujarat finance minister Kanubhai Patel, Goa minister panchayati raj Mauvin Godinho, Tamil Nadu finance minister P Thiaga Rajan, Uttar Pradesh Finance Minister Suresh Khanna and Telangana Finance Minister T Harish Rao.