GST Council meet on Oct 7, review likely on implementation of SGST law amendments by states
PTI citing an official. Last month, the GST Council cleared amendments to Central GST and Integrated GST laws to give clarity on the levy of 28% tax on the full face value of bets in online gaming, casinos and horse race clubs.
According to the amendments, registration for offshore e-gaming companies operating in India is mandatory. The law also allows blocking of access in case offshore platforms fail to comply with GST registration and taxation norms.
The states were required to make similar changes in their respective SGST laws. October 1 is the deadline for all states to implement the amended provisions.
After the GST Council clarified in July on 28% tax on the full face value of a bet, the GST authorities started sending notices to the online gaming companies and casino operators. "Exciting news! Mint is now on WhatsApp Channels
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