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Karnataka Cabinet defers Ordinance to tax online money games at 28% GST
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Cabinet on Thursday deferred the Ordinance to amend the state’s GST law to tax online gaming, casinos and racecourses at 28% rate.
The Cabinet referred the draft to the law, and parliamentary affairs departments for procedural vetting and placing at the next meeting
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Offering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitIndian School of BusinessISB Digital Marketing and AnalyticsVisitIndian School of BusinessISB Digital TransformationVisitIndian School of BusinessISB Applied Business AnalyticsVisit.The state is taking the ordinance route in view of the urgency to meet the October 1 deadline the GST Council has fixed to roll out the new tax rate.
The GST Council, at its meeting on July 11, decided to tax online gaming, casinos and racecourse at 28% on the full-face value of bets.
At a subsequent meeting on August 2, the council decided to complete the process of amendments at the earliest and implement them from October 1.
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