GST Council Meet: 28% GST on online gaming; exemption for cancer drugs & other key decisions
Story outline 28 per cent GST on online gaming, horse racing, and casinos on full value GST on restaurants inside Cineplex to attract 5 per cent GST MUV to attract 22 per cent cess rate, sedans not a part of it GST exempted for cancer drug and food for special medical purposes GST Council Meet key takeaways: 28% GST on online gaming; food at Cinemas to get cheaper and more The Goods and Services Tax Council after its 50th meet in New Delhi on Tuesday has agreed to levy 28 per cent GST on online gaming, horse racing, casinos on full value. GST council agreed that there should be no distinction between 'game of skill and game of chance.' While the Group of Ministers (GoM) in their previous meeting broadly agreed for the proposed taxes on the said activities, there was no consensus on online gaming as Goa proposed to impose only 18 per cent tax on platform fees. "GST of 28 % on the full value of gaming, horse racing and casino winnings will be a major damper to the gaming i...