The Kerala Government will promulgate an Ordinance to amend the Kerala State Goods and Services Tax (GST) Act to bring in more clarity to the taxation provisions related to online money gaming and gambling. In September, the Union Finance Ministry had issued notifications for implementing 28% uniform GST on online money gaming, casinos and horse racing. The Union Government decision was based on a decision taken by the 50th GST Council to impose the 28% GST on full face value on online gaming, casinos and horse racing. This development necessitated the State Governments also to follow suit with corresponding amendments to the State GST laws. According to the Kerala Government, it also intends, through the amendment, to include provisions in the State GST Act to remove any absence of clarity regarding taxation provisions related to these online activities.

Source: The Hindu December 07, 2023 09:39 UTC