GST Council constitutes GoM to look into online gaming, race courses, casinos

The Goods and Service Tax Council has constituted a group of ministers (GoM) to examine whether any change in legal provisions is required for valuation of services provided by online gaming, race courses and casinos.

The Council has set four-point terms of reference for the GoM which will include examining the taxability of certain transactions in casinos related to present legal provisions and orders of Courts.

“To examine whether any change is required in legal provisions to adopt any better means of valuation of these services,” the terms state. The GoM will also examine the administration of alternative valuation provisions if recommended.

Impact of similarly placed services, such as lottery, will also be examined by the GoM.