GST Council Meeting: A big decision may come on online skill gaming in the GST Council meeting, know how much tax will increase?


Posted on 27th Jun 2022 02:02 pm by rohit kumar

The Goods and Services Tax Council can make a big decision on online skill gaming in its two-day meeting. The Goods and Services Tax can be increased to 28 percent in the upcoming meeting of the GST Council. If this decision is taken, then online skill gaming will also come under the category of gambling and betting market with a 28% tax. Let us tell you that there is a debate going on in the country for a long time that online skill gaming and gambling should not be differentiated only based on which one is related to skill, luck, or both.

 

Let us tell you that the meeting of the GST Council is going to be held in Chandigarh on 28-29 June. Let us tell you that even before the meeting of the GST Council, the Central Government had decided to continue the State Compensation Cess till the year 2026. Earlier its period was to end on June 30. Earlier, Finance Minister Nirmala Sitharaman had said that after June 30, compensation will not be given to the states. Now after the decision to continue the cess, it is expected that for the time being the system of giving compensation to the states will continue.

 

Did you know?Explore Trending and Topic pages for more stories like this.

This time the meeting of the GST Council is going to be held under the chairmanship of the Finance Minister after six months. According to media reports, the report of the Group of Ministers (GoM) will be presented at this meeting of the GST Council. It is noteworthy that under the framework of GST, a Group of Ministers was constituted to rationalize the GST rates for different items. According to sources, it is reported that this time in the meeting of the GST Council, a decision can be taken to levy GST at the rate of 28 percent on items like casinos, lottery race courses, and online gaming.

 

Also Read: TDS On Cryptocurrency: Cryptocurrency investors will have to pay one percent TDS from July 1, 2022, know the rules

1 Like 0 Dislike
Previous news Next news
Other news

IND VS BAN: 'Sir, I have only two hands...', why did Virat Kohli say this to the hotel staff after reaching Kanpur? Video is going viral rapidly.

The Indian team has reached Kanpur for the second Test match against Bangladesh. On Tuesday, the

Delhi Govt Free Ration Scheme: Now free ration will be available in Delhi till 30th September, CM Kejriwal announced

Delhi Government Free Ration Scheme: Delhi Chief Minister Arvind Kejriwal has made a big announce

T20 World Cup: 10 players in India's current team are over 30, the average age of the 2007 champions was 23 years

There are only a few days left for the T20 World Cup to begin. All the teams are busy preparing f

Weather Update: Cold wave in plains due to snowfall in Himachal-Uttarakhand, the mercury reached below zero

Due to snowfall on the high peaks of Himachal and Uttarakhand, the cold has increased in the plai

Pakistani actress was offered Dhurandhar, but turned it down at the last minute. She was trolled for sharing photos with Ranveer.

Dhurandhar has been making headlines ever since its release. The film is garnering attention and

Kashmir: Ganai, the terrorist who killed the UP workers in the grenade attack, was killed in the firing of his comrades.

Terrorist Imran Bashir Ganai, arrested for attacking workers of Kannauj Uttar Pradesh in Harman S

GST Council: GST Council may decide on tax deduction on insurance premiums; No major change in rates expected

The 55th meeting of the GST Council has started in Jaisalmer, Rajasthan. This meeting is being he

Diljit Dosanjh took a big step amidst the Punjab 95 controversy, fans will be shocked to know.

Punjabi singer and actor Diljit Dosanjh is in the limelight these days. In the last few months, t

IPL 2025: Umpires started checking the size of the bat, why did BCCI implement this rule in IPL? Know more

Keeping in mind the long sixes being hit in IPL, the on-field umpires have started suddenly check

CTET 2024: Another chance to register for CTET July, the deadline extended till this day; apply soon

CTET July 2024: The Central Board of Secondary Education has extended the last date for submissio

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash