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Govt notifies valuation methodology for calculating GST on online gaming, casino
PrintThe government on September 1 notified amendments to GST law in relation to the valuation methodology to be adopted by online gaming companies and casinos for calculating tax.
The Ministry of Finance notified amendments to Central GST law for calculating value of supply in case of online gaming and casinos as per the decision of the GST Council last month.
Notification clarified that winnings by any player would remain tax-neutral, as the entire tax is collected at first stage only.
The Ministry of Finance notified amendments to Central GST law for calculating value of supply in case of online gaming and casinos as per the decision of the GST Council last month.
The Ministry of Finance notified amendments to Central GST law for calculating value of supply in case of online gaming and casinos as per the decision of the GST Council last month.
Notification clarified that winnings by any player would remain tax-neutral, as the entire tax is collected at first stage only.
The Ministry of Finance notified amendments to Central GST law for calculating value of supply in case of online gaming and casinos as per the decision of the GST Council last month.
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