Heavy Tax At On Line Gaming People Are Dying
According to fm minister said , from 1st october 20% gst will applicable at on line gaming this tas will be review after 6 months for its impiementation . We will watch its effect on people and the ratio of collection wich will helpful to take decision for adoptions of tax on line gaming.
New Delhi ; fm minister Nirmla Sitaraman addressing to reporters that GST Council meeting that Delhi Goa Andhra Pradesh and Skkim want a soft decision on the tax with meeting press reporters.
Our fm minister Nirmla Sitaraman on wednesday told that 28% GST on line gaming will applicable hopefully be implement October 1st 2023 in this financial year. because the taxation is only the earning resource of revnue for the Government to use this money for public interest.
She said , on standing commute of GST Councle has decided to adopt GST on line gaming along with casinos at the primary level and donot on each BET placed at every order placed while on playing. She said the base of this gst on these on line gaming and casinos with the concerns the committee agreed to review after 6 months of the implementation of the GST tax on online gaming and casinos.
the committe chair person fm minister mrs NIRMALA SITARAMAN along with state ministers n the last meeting on july 11 have approved 28 % GST TAX on full face value of bets in on line gaming. Casinos and horse racing , the law committee discussing Centre and state tax officers , they made prepared draft rules for consideration of the GST commettee to computation of implement value for tax purposes regards.
the suggestions of commettee a new rule under which condition the value of bidding in on line gaming would be the total amount deposited on the on line gaming plateform by way of money or in the form virtual digital assets on behalf of the playing person.
in the other way the committee has proposed that value in the form of amount paid by player for buying of tokens, chips, coins, or tickets. this is the factor which will apply in Casinos. this will all discussed the committee members recommendations in the virtual meeting on wednesday.
The All India Gaming Federation ( AIGF ) Which is the part of on line gaming companies like Zupee Winzo Nazara and Gameskratt had not accepted the decision by the GST Counclil as unconsititutional, irrational and not to be accepted by him. this tax is not in fabour of the players due to the very much demands of the tax.it will decline the entire industry of on line gaming , casinos and horse riding.
we have a open view the Government should relief in tax infra structurs and providing facialities provide this industry.
# on line game # casinos # horse riding # gst # 28 % tax # gst council # aigf # future of on line game in india # tax and govt
Akhilesh Dwivedi