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'Online gaming gambling, no decision on extending GST compensation date'
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IANS | 30 Jun, 2022
Union Finance Minister Nirmala Sitharaman on Wednesday categorically termed online gaming "nothing but gambling".
She
also said on the issue of extending the Goods and Services Tax (GST)
compensation from June 30, the views of some states were heard so far
but nothing was decided.
Addressing the media at the conclusion
of the two-day meeting of the Goods and Services Tax (GST) Council here,
Sitharaman said casinos, horse-racing, and online gaming are all
gambling.
"Whether it is horse-racing or online gaming or
casinos, the common thread that the Committee highlighted was they are
part of betting and gaming.
"In other words, they are essentially
gambling. There may be an element of skill in it or an element of
chance in it. But essentially, all the three are gambling," Sitharaman
said.
She said the Group of Ministers (GoM), headed by Meghalaya
Chief Minister Conrad K. Sangma, on betting, casinos, horse racing,
online gaming which are taxed at 28 per cent, was in favour of status
quo in this regard.
Sangma said the Goa Finance Minister had
requested him to let him present his views on GST on casinos at the
Council meeting and it agreed to hear again the issues of online gaming
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 Tamil Nadu's
Madurai, the home town of both 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 rationalisation GoM, headed by Karnataka Chief
Minister Basavaraj Bommai, looked at the exemptions and the inverted tax
structures, and the GST Council approved the revised rates whereby tax
rates have been revised upwards on many items and reduced on some items.
Sitharaman said none of the Council members were against rate hikes.
The
GoM on Information and Technology, headed by Maharashtra Deputy Chief
Minister Ajit Pawar, in its report, recommended use of artificial
intelligence and machine learning to ensure better data and compliance
issue.
The risk-based models will be developed for fresh
registrations and the Goods and Service Tax Network (GSTN) will work on
the development of artificial intelligence and machine learning
applications.
Queried about extending the GST compensation after June 30, Sitharaman said the views of some states were heard.
About 16 to 17 states are for extension of the period.
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