The GST Council is likely to clarify the definition of online gaming, on which it had announced a 28 percent tax, during its next meeting on August 2, 2023, sources told CNBC-TV18 on Friday (July 28). The Council is also expected to include the new definition of ‘online money gaming,’ which will define games based on both skill and chance. Headed by Union Finance Minister Nirmala Sitharaman, the council is also likely to clarify on taxation of online games, casinos and horse racing.
Source a2ztaxcorp
