Online gaming

Online gambling no decision on extending GST clearing date

Online Gambling: Union Finance Minister Nirmala Sitharaman on Wednesday categorically called online gambling ‘nothing but gambling’.

She also said that on the issue of extending the Goods and Services Tax (GST) offset from June 30, the views of some states have been heard so far but nothing has been heard. has been decided.

Speaking to the media at the end of the Goods and Services Tax (GST) Council’s two-day meeting here, Sitharaman said casinos, horse racing and online gambling are all gambling. ‘silver.

“Whether it’s horse racing, online gambling or casinos, the common thread that the Committee has highlighted is that they are part of betting and gambling.

“In other words, they’re essentially playing. There can be an element of skill or an element of chance. But essentially all three are playing,” Sitharaman said.

She said the Group of Ministers (GoM), led by Chief Minister of Meghalaya, Conrad K. Sangma, on betting, casinos, horse racing, online gambling which are taxed at 28%, was in favor of the status quo in this regard.

Sangma said Goa finance minister asked him to let him present his views on GST on casinos at the Council meeting and he agreed to hear online gambling issues again and others.

The GoM will submit its report on July 15 and it will be discussed at the next GST Council meeting to be held in Madurai of Tamil Nadu, the hometown of Sitharaman and Tamil Nadu Finance Minister Palanivel Thiaga Rajan.

Sitharaman also said that the GST Council also decided on the reports of three other GoMs.

She said the GST Rate Rationalization GoM, led by Chief Minister of Karnataka Basavaraj Bommai, has reviewed exemptions and reverse tax structures, and the GST Board has approved the revised rates under which the rates tax have been revised upwards on many items and reduced on some items.

Sitharaman said none of the board members were against rate hikes.

The GoM on Information and Technology, led by Deputy Chief Minister of Maharashtra, Ajit Pawar, in its report, recommended the use of artificial intelligence and machine learning to ensure better data and a better compliance issue.

Risk-based models will be developed for new registrations and the Goods and Service Tax Network (GSTN) will work to develop artificial intelligence and machine learning applications.

Asked about extending the GST offset after June 30, Sitharaman said the views of some states have been heard.

About 16 to 17 states are in favor of an extension of the period.