Key Points
Parliament Friday passed bills to amend the Central and integrated goods and services tax (GST) laws to levy 28% on online money gaming, casinos and horse racing..
Finance minister Nirmala Sitharaman moved the bills in both the houses on the last day of the monsoon session and they were passed with a voice vote without any discussion..
The amendments make a distinction between online gaming and online money gaming, brought payments received and winnings paid in virtual digital assets (VDAs) by online gaming companies and casinos under GST and makes registration mandatory for a person supplying online money gaming from overseas location...
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