The Council also recommended to insert a specific provision in IGST Act, 2017 to provide for liability to pay GST on the supply of online money gaming by a supplier located outside India to a person in India, for single registration in India for the said supplier through a simplified registration scheme and also for blocking of access by the public to any information generated, transmitted, received or hosted in any computer resource used for supply of online money gaming by such supplier in case of failure to comply with provisions of registration and payment of tax. GST Council in its 50th and 51st GST Council meetings recommended the substantial changes to the taxation landscape on the actionable claims supplied in Casinos, Horse racing and Online gaming, will be taxed 28% on full face value, irrespective of whether the activities are a game of skill or chance.Īccordingly, the GST Council recommended certain amendments in the CGST Act 2017 and the IGST Act 2017, including amendment in Schedule III of CGST Act, 2017, to provide clarity on the taxation of supplies in casinos, horse racing and online gaming. Effective October 1, 2023, these changes will have a substantial impact on how these industries operate and are taxed. GST Council meetings in 2023 led to significant changes in the taxation landscape for certain activities, specifically online gaming, casinos, and horse racing.

Accounting for casinos and gaming