28% GST on Casinos and Online Gaming

Finance Minister Nirmala Sitharaman announced on 2nd August 2023 that a 28 percent Goods and Services Tax (GST) will be levied on casinos and online gaming based on their face value.

  1. The implementation of the 28 percent GST on online gaming and casinos is scheduled to begin from the 1st of October.
  2. The GST Council will review the implementation after six months.
  3. In the previous meeting, the GST Council recommended taxing actionable claims supplied in Casinos, Horse racing, and Online gaming at 28 percent, regardless of whether they involve a game of skill or chance.
  4. The Council also suggested amending the CGST Act 2017 and IGST Act 2017 to provide clarity on the taxation of supplies in casinos, horse racing, and online gaming.
  5. The meeting was attended by Minister of State for Finance Pankaj Chaudhary, Finance Ministers of States and UTs, and senior officers of the Ministry of Finance.

Question: From which date will the 28% GST on casinos and online gaming be implemented?

A) 1st of November 2023
B) 1st of September 2023
C) 1st of October 2023
D) 1st of December 2023

Answer: C) 1st of October 2023

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