Tax update: Valuation of services of online gaming for levying goods and service tax (GST)
May 27, 2021
Recently, the Government of India set up a panel to examine the valuation of services provided by casinos, race courses and online gaming portals in India. The panel will submit its report to the GST Council within six months from the date of its inception. This update from our Tax Practice, encapsulates various categories of online gaming and the tax valuation that the panel will examine. It also details out why the constitution of the GoM is very significant given that its recommendations may influence the eventual policy commendation made by the GST Council.