Valuation rule for entry-level bets on e-gaming is prospective: Finance Minister Nirmala Sitharaman
Finance Minister Nirmala Sitharaman clarified that the valuation rules for imposing a 28% Goods and Services Tax (GST) on entry-level bets on online gaming platforms are prospective in effect. The clarification came during the Lok Sabha discussion on the CGST (Second Amendment) Bill. The GST Council had previously clarified that the 28% GST applies to online gaming, specifically on entry-level bets, with the effective date for amendments set as October 1.
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