Fitment Committee To Discuss Hike In GST On Online Gaming This Week

The Fitment Committee, which involves officials from different states, is going to meet this week to talk about the hike in GST on online gaming, race courses, and casinos. "There was clear agreement in a meeting held by a group of ministers last week." "We are trusting that the board will settle on whether 28% GST will be taxed on gross or net worth," said an individual privy to the development. A Group of Ministers (GoM) consisting of state finance ministers met at the beginning of this month to settle on expanding the GST rate on casinos, race courses, and online gaming to 28%. As of now, the above is charged at 18%. Following the Fitment board of trustees' report, the GoM is probably going to meet before May 18 to think about the decision. Before this, we will present the report to the GST Council, "added a source. Last year, in May, the public authorities set up a committee of state ministers. The public authorities had in May last year set up a board of state priests for better valuation of the services of casinos, online gaming gateways, and race courses to impose GST. The GoM, headed by Meghalaya CM Conrad Sangma, met on Monday and examined the applicable GST rate on these three administrations.     Credit: BusinessToday.In