google.com, pub-2764582774280019, DIRECT, f08c47fec0942fa0 -
TRK News
No Result
View All Result
  • Home
  • World
  • National
  • Sports
  • Jammu Kashmir
  • Ladakh
  • Health
  • Login
  • Home
  • World
  • National
  • Sports
  • Jammu Kashmir
  • Ladakh
  • Health
No Result
View All Result
TRK News
No Result
View All Result
Home Business

GST Council agrees to levy 28 per cent tax on online gaming on full face value

News Desk by News Desk
July 12, 2023
in Business
A A
0
GST Council agrees to levy 28 per cent tax on online gaming on full face value
0
SHARES
19
VIEWS
Share on FacebookShare on Twitter

The GST Council on Tuesday agreed to levy a 28 per cent tax on online gaming, casinos and horse racing and the tax would be levied on full face value.

West Bengal finance minister Chandrima Bhattacharya said the Council has also approved the exemption of GST on import of cancer drug Dinutuximab, and Food for Special Medical Purposes (FSMP) used in the treatment of rare diseases.

READ ALSO

Rupee rises 6 paise to 86.06 against US dollar in early trade

Rupee falls 15 paise to close at 86.07 against US dollar

“GST Council has decided that online gaming, casinos and horse racing will be taxed at 28 per cent at entry point on full face value of bets,” she told reporters here.

The minister said that changes will be made in the GST law to state that these three supplies are not actionable claims, like that of lottery and betting.

Sudhir Mungantiwar, Maharashtra forest cultural and fisheries minister, said the council has decided to do away with the distinction of game of skill and chance in case of online gaming.

28 per cent tax would be levied on the full face value of bets, Mungantiwar said.

Mungantiwar further said that the council has also approved setting up of appellate tribunals.

ADVERTISEMENT
Tags: Gst
SendShareTweet
Previous Post

Renowed Personality of Lolab Haji Mohd Rajab Dar Passes Away

Next Post

Punjab’s anti-gangster task force arrests key Bishnoi gang member

News Desk

News Desk

READ ALSO

Rupee falls 2 paise to 86.55 against US dollar in early trade
Business

Rupee rises 6 paise to 86.06 against US dollar in early trade

by News Desk
July 18, 2025
Rupee falls 15 paise to close  at 86.07 against US dollar
Business

Rupee falls 15 paise to close at 86.07 against US dollar

by News Desk
July 17, 2025
India should continue buying Russian  oil; must reject US pressure: GTRI
Business

India should continue buying Russian oil; must reject US pressure: GTRI

by News Desk
July 17, 2025
Currency in circulation rose in value, volume during 2022-23: RBI
Business

RBI to ‘wait and watch’ before further rate cuts: Governor Malhotra

by News Desk
July 16, 2025
Next Post
Punjab’s anti-gangster task force arrests key Bishnoi gang member

Punjab’s anti-gangster task force arrests key Bishnoi gang member

NC to attend next meeting of opposition leaders in Bengaluru: Omar Abdullah

NC to attend next meeting of opposition leaders in Bengaluru: Omar Abdullah

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About Us

Welcome to TRK News, the most-watched television channel in Jammu and Kashmir with a mission to deliver authentic news from around the world. We strive to cover all aspects of news with our firsthand coverage of local, national, and international events. Our team is dedicated to bringing the untold stories to light with unbiased reporting and a commitment to excellence. Join us as we promote the power of informative and inspiring news reporting.

News by Topic

  • Bollywood
  • Business
  • Education
  • Fact Check
  • Health
  • Jammu
  • Jammu Kashmir
  • Kashmir
  • Ladakh
  • National
  • Opinion
  • Sports
  • Technology
  • Tourism
  • Tourism
  • Uncategorized
  • World

Company Info

  • About Us
  • Contact Us
  • Disclaimer
  • Correction Policy
  • Privacy Policy

© 2023 | TRK MEDIA PVT. LTD.

No Result
View All Result
  • Home
  • World
  • National
  • Sports
  • Jammu Kashmir
  • Ladakh
  • Health

© 2023 | TRK MEDIA PVT. LTD.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In