28% GST will be imposed on Online Gaming, Casino and Horse Racing from today, the decision will be reviewed after 6 months

Offshore online gaming platforms refer to gaming platforms whose servers and operators are located overseas.

Let us tell you that the decision to impose 28 percent GST on online gaming, casinos, and horse racing was taken by the GST Council in its meetings in July and August.

The meeting was attended by finance ministers of the Center and states that approved amendments in the law to include online gaming, casinos, and horse racing as taxable actionable claims.

Last month, Parliament passed amendments to the Central GST and Integrated GST laws to implement the decisions taken in the 50th GST Council.

To implement this law, the Finance Ministry issued a notification yesterday that these provisions will be implemented from October 1.

The GST Council, in its meeting in August, had decided that the amended provision to classify these supplies as actionable claims and clarify the taxation provisions would come into effect from October 1.

According to the Finance Ministry, this decision will be reviewed after 6 months of implementation of this law. That means now this decision will be reviewed in April 2024.