Pursuant to the decision taken in the Goods and Services Tax (GST) Council meeting to levy 28 per cent tax on full face value of bets in online gaming, casinos and horse race clubs, the Union Cabinet on Wednesday approved the enabling changes to GST-related laws, sources said.
The amendments to the Central GST (CGST) and Integrated GST (IGST) acts, which were approved by the GST Council last week, are likely to be introduced in the ongoing monsoon session of Parliament, which will end on August 11. The GST Council in its 51st meeting on August 2 had recommended amendments to the Schedule III of the CGST Act, 2017, to provide clarity on the taxation of supplies in casinos, horse racing and online gaming.
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