New Delhi - The 50th meeting of the Goods and Services Tax (GST) Council is scheduled to take place today in the national capital, with Union Finance Minister Nirmala Sitharaman presiding over the proceedings. One of the key topics up for deliberation is the taxation of online gaming, casino activities, and horse racing. The Council will specifically review the report prepared by the Group of Ministers (GoM) on these matters.

According to sources, there has been a lack of consensus among the GoM members regarding the proposal to impose a flat 28 percent tax rate on online gaming. This issue will likely be a point of discussion during the meeting. The GoM report will be presented, and various perspectives will be presented by the Council members to arrive at a consensus on the taxation of online gaming activities.

The outcome of these deliberations will be crucial in determining the tax framework for online gaming and related activities in India. The GST Council aims to ensure a fair and balanced taxation system that considers the concerns of all stakeholders while maintaining revenue generation for the government.