Parliament session: FM Sitharaman introduces Central Goods and Service Tax Amendment Bill in Lok Sabha

Lok Sabha approved amendments to GST laws, proposing a 28% tax on total bet value in online gaming, casinos, and horse race clubs. Finance Minister Nirmala Sitharaman introduced the bills on the monsoon session's final day, amidst opposition protests over Congress leader Adhir Ranjan Chowdhury's suspension

The Central Goods and Services Tax (Amendment) Bill, 2023, and The Integrated Goods and Services Tax (Amendment) Bill, 2023, were passed by the Lok Sabha by a voice vote, without a debate.

States will now get the amendments passed in the state GST laws in their respective assemblies.

The amendments pertain to insertion of a provision in the Schedule III of the CGST Act, 2017, to provide clarity on the taxation of supplies in casinos, horse racing and online gaming.

The amendment in IGST Act relates to inserting a provision to impose GST liability on online money gaming provided by offshore entities. Such entities would be required to get GST registration in India.

The amendments will also provide for blocking access to online gaming platforms located overseas in case of failure to comply with registration and tax payment provisions.

The amendments to the Central GST (CGST) and Integrated GST (IGST) laws were approved by the GST Council last week.

The council had approved levy of 28 per cent GST on full face value of entry level bets in online gaming, casinos and horse racing.

(With inputs from PTI)