{"id":1240912,"date":"2022-12-21T08:27:16","date_gmt":"2022-12-21T02:57:16","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1240912"},"modified":"2022-12-21T08:27:57","modified_gmt":"2022-12-21T02:57:57","slug":"winners-of-gambling-like-online-games-will-pay-28-gst-on-the-bet-value-not-on-winning-amount","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/winners-of-gambling-like-online-games-will-pay-28-gst-on-the-bet-value-not-on-winning-amount\/","title":{"rendered":"Winners Of Gambling-Like Online Games Will Pay 28% GST On The Bet Value, Not On Winning Amount"},"content":{"rendered":"\n<p><br>Central Board of Excise and Customs chief Vivek Johri said online games where winning is dependent on a certain outcome would attract 28% GST on the full bet value.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2022\/12\/Screen-Shot-2018-07-06-at-4.57.22-PM-1280x720-1-1024x576.png\" alt=\"Winners Of Gambling-Like Online Games Will Pay 28% GST On The Bet Value, Not On Winning Amount\" class=\"wp-image-1240919\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2022\/12\/Screen-Shot-2018-07-06-at-4.57.22-PM-1280x720-1-1024x576.png 1024w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2022\/12\/Screen-Shot-2018-07-06-at-4.57.22-PM-1280x720-1-300x169.png 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2022\/12\/Screen-Shot-2018-07-06-at-4.57.22-PM-1280x720-1-768x432.png 768w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2022\/12\/Screen-Shot-2018-07-06-at-4.57.22-PM-1280x720-1.png 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Working it out<\/strong><\/h2>\n\n\n\n<p>This comes even as the report of a group of ministers on the contentious issue is still awaited by the GST Council.<\/p>\n\n\n\n<p>\u201cGST at the rate of 28% is payable on actionable claims arising out of betting and gambling. The tax is payable on the full winning value and not net of margin,\u201d Johri said.<\/p>\n\n\n\n<p>The GoM report on online gaming, horse racing and casinos was not discussed at the GST Council.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Issue long pending&nbsp;<\/strong><\/h2>\n\n\n\n<p>\u201cIt is betting and gambling as the winning certainty is dependent on a certain outcome,\u201d he said.<\/p>\n\n\n\n<p>The Directorate General of GST Intelligence had issued a show-cause notice to Karnataka-based online gaming platform Gameskraft for not paying GST of Rs21,000 crore.<\/p>\n\n\n\n<p>The CBIC is also investigating gaming companies, including online gaming firms for which the estimated evasion of GST by these companies works out to Rs 22,936 crore, relating to the period April 2019 to November 2022.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>28% approved<\/strong><\/h2>\n\n\n\n<p>Revenue secretary Sanjay Malhotra had said the report of the Group of Ministers chaired by Meghalaya chief minister Conrad Sangma was received only a \u201ccouple of days ago\u201d and was not part of the agenda of the 48th meeting of the GST Council.<\/p>\n\n\n\n<p>\u201cMembers would not have had time to read it. The report was not circulated,\u201d Malhotra said.<\/p>\n\n\n\n<p>The GoM is in favour of the 28% tax on online gaming, horse racing and casinos.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Pertaining questions<\/strong><\/h2>\n\n\n\n<p>However there&#8217;s no consensus as to whether tax should be only on the fees or the entire amount under consideration.<\/p>\n\n\n\n<p>Accordingly, the GoM had decided to refer its recommendations to the GST Council for a final decision,<\/p>\n\n\n\n<p>Council chair and Union finance minister Nirmala Sitharaman <a href=\"https:\/\/www.financialexpress.com\/economy\/28-gst-on-gambling-like-online-games\/2918171\/lite\/?utm_campaign=fullarticle&amp;utm_medium=referral&amp;utm_source=inshorts4\">said <\/a>the GoM report would be \u201cdiscussed threadbare\u201d when the council takes it up for discussion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Central Board of Excise and Customs chief Vivek Johri said online games where winning is dependent on a certain outcome would attract 28% GST on the full bet value. Working it out This comes even as the report of a group of ministers on the contentious issue is still awaited by the GST Council. \u201cGST [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":1240919,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[272,274],"class_list":["post-1240912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-gst","tag-online-gaming"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Winners Of Gambling-Like Online Games Will Pay 28% GST On The Bet Value, Not On Winning Amount - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/winners-of-gambling-like-online-games-will-pay-28-gst-on-the-bet-value-not-on-winning-amount\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Winners Of Gambling-Like Online Games Will Pay 28% GST On The Bet Value, Not On Winning Amount - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"Central Board of Excise and Customs chief Vivek Johri said online games where winning is dependent on a certain outcome would attract 28% GST on the full bet value. Working it out This comes even as the report of a group of ministers on the contentious issue is still awaited by the GST Council. \u201cGST [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trak.in\/stories\/winners-of-gambling-like-online-games-will-pay-28-gst-on-the-bet-value-not-on-winning-amount\/\" \/>\n<meta property=\"og:site_name\" content=\"Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-21T02:57:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-21T02:57:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2022\/12\/Screen-Shot-2018-07-06-at-4.57.22-PM-1280x720-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Shreya Bose\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shreya Bose\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/trak.in\/stories\/winners-of-gambling-like-online-games-will-pay-28-gst-on-the-bet-value-not-on-winning-amount\/\",\"url\":\"https:\/\/trak.in\/stories\/winners-of-gambling-like-online-games-will-pay-28-gst-on-the-bet-value-not-on-winning-amount\/\",\"name\":\"Winners Of Gambling-Like Online Games Will Pay 28% GST On The Bet Value, Not On Winning Amount - Trak.in - Indian Business of Tech, Mobile &amp; 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