28% GST on online gaming, casinos, horse racing: What it means for players

The GST Council has stuck to its earlier decision to impose a 28% levy on the full face value of bets placed on online gaming, casinos and horse racing, but kept the door open for a review.

The panel had at its last meeting decided to levy a 28 per cent GST on full face value of bets placed and Wednesday’s meeting was to deliberate on the tax law changes that would be required to implement it.

Citing inadequate revenue generation (11-12%) in after levying GST at 28% on GGR, the GST Council has decided to proceed with the levy at highest rate on the amount paid or deposited with the supplier of online gaming from 1 October.