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The Union Cabinet on Wednesday approved changes in GST laws to levy a 28 per cent tax on the full face value of bets in online gaming, casinos and horse race clubs, sources said.
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Amendments to the Central GST (CGST) and Integrated GST (IGST) Acts, which were approved by the GST Council last week, are likely to be tabled in the ongoing Monsoon Session of Parliament, which ends on August 11.
The GST Council, in its 51st meeting on 2nd August, recommended amendments to Schedule III of the CGST Act, 2017 to provide clarity on the taxation of supplies in casinos, horse racing and online gaming.
