The ministerial panel on the casino, race course, and online gaming will meet in Bengaluru and Goa on July 23 and 24 to get an industry perspective on taxation.<\/p>\n\n\n\n\n\n\n\n
India.- The\u00a0Group of Ministers (GoM)\u00a0<\/strong>that proposed introducing\u00a0a Goods and Services Tax (GST) of 28 per cent<\/a>\u00a0for online gaming, racecourses, and casinos will hold meetings to hear industry opinion. The GoM<\/a>\u00a0will meet with the\u00a0Bangalore Turf Club<\/strong>\u00a0to discuss race-related topics, including GST. It may also visit casinos in Goa to gain firsthand experience of the industry.<\/p>\n\n\n\n Casinos, horse racing and non-gambling online games currently pay 18 per cent on cash collected from each game. The proposed rate of 28 per cent would be for online games involving betting or gambling.\u00a0<\/p>\n\n\n\n Meghalaya chief minister\u00a0Conrad Sangma\u00a0<\/strong>said\u00a0<\/strong>online gambling should be taxed on the consideration paid by the player for participation, including entry fees. As for race courses, the group proposes\u00a0that GST be imposed on the full value of bets<\/strong>\u00a0accumulated in totalisators and placed at bookmakers.<\/p>\n\n\n\n For casinos, the GoM recommended taxing the\u00a0full face value of chips\/coins<\/strong>\u00a0purchased by casino players. The GST would no longer be charged on the betting value of each round of betting, including bets won in previous betting rounds.<\/p>\n\n\n\n In addition,\u00a0the GoM has proposed 28 per cent GST on casino entry fees<\/strong>, including food and drinks.\u00a0<\/p>\n\n\n\n A number of issues have been raised by Goa, including what happens x if the token purchased is not used in a casino and the balance is returned or some portion is used for food and entertainment. Goa authorities also urged a better understanding and differentiation of casinos.\u00a0<\/p>\n\n\n\n The deadline for the GoM’s final report is August 10<\/strong>. The GST committee is expected to meet in the third week of August to discuss the panel’s recommendations.<\/p>\n","protected":false},"excerpt":{"rendered":" The ministerial panel on the casino, race course, and online gaming will meet in Bengaluru and Goa on July 23 and 24 to get an industry perspective on taxation.<\/p>\n","protected":false},"author":176,"featured_media":20588,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"A ministerial panel in India is convening in Bengaluru and Goa to gather industry perspectives on proposed Goods and Services Tax (GST) revisions for online gaming, racecourses, and casinos. The Group of Ministers (GoM) recommends a 28% GST on the full face value of player consideration, including chips purchased, totalisator bets, and entry fees, moving away from taxing each betting round. This initiative aims to finalize a new taxation framework by August 10, with the GST committee reviewing recommendations later that month.","focusai_entities":"Group of Ministers, GoM, Bangalore Turf Club, Conrad Sangma, Meghalaya","focusai_location":"India, Bengaluru, Goa","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (1.0), operator_casino (1.0), affiliate_publisher (0.7), product_ux (0.7), marketing_crm (0.7), payments_fraud_aml (0.8), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Impact on GGR\/NGR?","query":"What is the projected impact of taxing the full face value of chips\/consideration on operators' Gross Gaming Revenue (GGR) and Net Gaming Revenue (NGR) compared to the previous taxation model?"},{"label":"Regulatory Harmonization?","query":"How will the proposed GST framework for online gaming, racecourses, and casinos align with or diverge from international best practices in gaming taxation, and what are the implications for regulatory harmonization?"}],"footnotes":""},"categories":[154,158,16333],"tags":[229,23911],"class_list":["post-31979","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislation-news","category-slider-home","category-south-east-asia-news","tag-gambling","tag-gambling-regulation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31979","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=31979"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31979\/revisions"}],"predecessor-version":[{"id":31984,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31979\/revisions\/31984"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/20588"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=31979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=31979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=31979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}