GST Council meet on Oct 7, review likely on implementation of SGST law amendments by states

A meeting of the GST Council is scheduled to be held on October 7. The Council is likely to review the progress made with regard to the implementation of amendments in the SGST law by different states.

“The 52nd meeting of the GST Council will be held on October 7, 2023, at Vigyan Bhawan, New Delhi,” the GST Council said in a post on X.

The GST Council meeting will review the with regard to amendments in the SGST law by different states, according to a report by news agency PTI citing an official.

The GST Council last month approved amendments to the Central GST and Integrated GST laws to clarify the application of the 28% tax on the total face value of bets in online gaming, casinos, and horse racing clubs.

Under 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.

States were required to make similar changes in their SGST laws. October 1 is the deadline for all countries to implement the amended provisions.

After the GST Council clarified a 28% tax on the total face value of a bet in July, GST authorities started sending notices to online gaming companies and casino operators.

The CGST amendment defined “online gaming” as gaming on the Internet or an electronic network.

After the amendment to the GST Act, horse racing, casinos, and online gambling are treated as actionable claims similar to lottery, betting, and gambling.

The amendments were aimed at combating money laundering, illegal income, and black money.

According to NITI Aayog data, the online gaming industry grew by 28% in 2021 to reach USD 1.9 billion.

Casinos are also required to pay a 28% GST on gross gaming revenue (GGR).

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