{"id":4605,"date":"2023-07-12T06:55:29","date_gmt":"2023-07-12T06:55:29","guid":{"rendered":"https:\/\/shoonya.com\/blog\/?p=4605"},"modified":"2023-07-12T06:56:19","modified_gmt":"2023-07-12T06:56:19","slug":"50th-gst-council-meeting-2023-explore-latest-gst-rates","status":"publish","type":"post","link":"https:\/\/shoonya.com\/blog\/50th-gst-council-meeting-2023-explore-latest-gst-rates\/","title":{"rendered":"Significant Decisions at GST Council Meeting 2023: 28% GST on Online Gaming, Horse Racing, and Casinos; 22% on MUVs"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_87 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\"><p class=\"ez-toc-title\" style=\"cursor:inherit\"><\/p>\n<\/div><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/shoonya.com\/blog\/50th-gst-council-meeting-2023-explore-latest-gst-rates\/#Key_Highlights\" >Key Highlights<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/shoonya.com\/blog\/50th-gst-council-meeting-2023-explore-latest-gst-rates\/#GST_Council_Meeting_2023-_Overview\" >GST Council Meeting 2023- Overview<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/shoonya.com\/blog\/50th-gst-council-meeting-2023-explore-latest-gst-rates\/#Set_Up_of_GST_Appellate_Tribunals\" >Set Up of GST Appellate Tribunals<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/shoonya.com\/blog\/50th-gst-council-meeting-2023-explore-latest-gst-rates\/#Items_Exempted_from_GST_Rates\" >Items Exempted from GST Rates<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/shoonya.com\/blog\/50th-gst-council-meeting-2023-explore-latest-gst-rates\/#Clarification_on_GST_Rates_for_Food_and_Beverages_in_Cinemas\" >Clarification on GST Rates for Food and Beverages in Cinemas<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/shoonya.com\/blog\/50th-gst-council-meeting-2023-explore-latest-gst-rates\/#Increase_in_GST_Cess_for_MUVs\" >Increase in GST Cess for MUVs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/shoonya.com\/blog\/50th-gst-council-meeting-2023-explore-latest-gst-rates\/#Industry_Reactions\" >Industry Reactions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/shoonya.com\/blog\/50th-gst-council-meeting-2023-explore-latest-gst-rates\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n\n<p class=\"wp-block-paragraph\">During the recent 50th GST Council Meeting, crucial decisions were made concerning the taxation of online gaming, horse racing, casinos, and multi-utility vehicles (MUVs). The Group of Ministers (GoM) approved a 28% Goods and Services Tax (GST) for online gaming, horse racing, and casinos, while MUVs will be subject to a 22% GST.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Highlights\"><\/span><strong>Key Highlights<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>In the 50th GST Council Meeting, the Group of Ministers (GoM) approves 28% GST on online gaming, horse racing, and casinos.<\/li>\n\n\n\n<li>Multi-utility vehicles (MUVs) have a 22% GST.<\/li>\n\n\n\n<li>Elimination of distinction between games of skill and chance for online gaming.<\/li>\n\n\n\n<li>Changes in GST law to clarify non-actionable claims for online gaming, horse racing, and casinos.<\/li>\n\n\n\n<li>Exemption of GST on cancer-fighting drugs and medicines for rare diseases.<\/li>\n\n\n\n<li>The gradual establishment of GST appellate tribunals.<\/li>\n\n\n\n<li>Reduction in tax rates for specific items such as fish soluble paste and LD slag.<\/li>\n\n\n\n<li>5% GST rate for food and beverages in cinema halls.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"GST_Council_Meeting_2023-_Overview\"><\/span><strong>GST Council Meeting 2023- Overview<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">FM Sitharaman highlighted that amendments would be made to the <a href=\"https:\/\/shoonya.com\/blog\/exemption-from-gst-on-government-incentives-for-promoting-rupay-and-bhim-upi\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">GST<\/mark><\/a> law to clarify that online gaming, horse racing, and casinos are not actionable claims, similar to lottery and betting. She emphasised that the discussions on online gaming during the council meeting were substantial, and efforts would be made to align with the regulations brought forth by the Ministry of Information Technology.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>It is important to note that the effective date for implementing the 28 per cent GST on online gaming will be determined after the necessary amendments are made to the GST law.<\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Set_Up_of_GST_Appellate_Tribunals\"><\/span><strong>Set Up of GST Appellate Tribunals<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">During the GST Council meeting, it was decided that GST appellate tribunals would be established in a phased manner. Initially, these tribunals will be primarily located in the capital cities of states and where high court benches are present.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The objective is for the GST appellate tribunal to commence its operations within the current fiscal year, as stated by Revenue Secretary Sanjay Malhotra.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Items_Exempted_from_GST_Rates\"><\/span><strong>Items Exempted from GST Rates<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The GST Council also granted exemptions on specific items.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Cancer-fighting drugs and medicines for rare diseases are now exempt from GST. This decision aims to alleviate the financial burden on patients requiring these critical medications.&nbsp;<\/li>\n\n\n\n<li>Additionally, satellite launch services provided by private operators have been exempted from GST.<\/li>\n\n\n\n<li>Furthermore, the tax rates for certain items have been reduced. Fish soluble paste and LD slag, previously subject to 18 per cent GST, will now be taxed at 5 per cent.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Clarification_on_GST_Rates_for_Food_and_Beverages_in_Cinemas\"><\/span><strong>Clarification on GST Rates for Food and Beverages in Cinemas<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The GST Council clarified that the GST rate applicable to food items and beverages in cinema halls would be 5 per cent.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Increase_in_GST_Cess_for_MUVs\"><\/span><strong>Increase in GST Cess for MUVs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The GST Council approved an increase in GST cess for multi-utility vehicles (MUVs). MUVs meeting specific length and engine criteria will now attract a cess of 22 per cent, aligning them with sports utility vehicles (SUVs).&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, sedans will not be subjected to this higher cess. The tax incidence on companies producing MUVs will increase by 2 per cent. The decision allows companies the option to either pass the increased tax burden to consumers or slightly reduce their profit margins.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Industry_Reactions\"><\/span><strong>Industry Reactions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Industry experts expressed dissatisfaction with the GST Council&#8217;s decision to levy a 28 per cent GST on online gaming and horse racing. They anticipate potential legal challenges and a negative impact on the Indian gaming industry. Finance Minister Sitharaman clarified that the intention of the GST Council is not to harm these industries or states with casinos. She emphasized the complexity of the issue and the council&#8217;s thorough understanding before reaching a decision.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The GST Council&#8217;s decisions to impose 28% GST on online gaming, horse racing, and casinos, along with the 22% GST on MUVs, reflect efforts to streamline taxation and address industry-specific concerns.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Sources:&nbsp;<\/strong><br><a href=\"https:\/\/www.moneycontrol.com\/news\/business\/economy\/gst-council-meet-28-gst-to-be-lives-on-online-gaming-horse-racing-casinos-10940171.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">moneycontrol.com<\/mark><\/a><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">&nbsp;<br><\/mark><a href=\"https:\/\/www.moneycontrol.com\/news\/business\/economy\/gst-council-meet-2023-tax-incidence-on-muvs-to-increase-with-22-cess-10939971.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">moneycontrol.com<\/mark><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">______________________________________________________________________________________<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/shoonya.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">Disclaimer<\/mark><\/a>: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\r\n<script>function 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The Group of Ministers (GoM) approved a 28% Goods and Services Tax (GST) for online gaming, horse racing, and casinos, while MUVs will be subject to a 22% GST. Key Highlights &hellip; <a href=\"https:\/\/shoonya.com\/blog\/50th-gst-council-meeting-2023-explore-latest-gst-rates\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Significant Decisions at GST Council Meeting 2023: 28% GST on Online Gaming, Horse Racing, and Casinos; 22% on MUVs&#8221;<\/span><\/a><\/p>\n","protected":false},"author":16,"featured_media":4606,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[1082],"tags":[2199,2200],"class_list":["post-4605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","tag-gst-council-meeting","tag-gst-council-meeting-2023"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>50th GST Council Meeting 2023: Explore Latest GST Rates<\/title>\n<meta name=\"description\" content=\"Discover the significant decisions made at the GST Council Meeting 2023, including 28% GST on online gaming, horse racing, and casinos and 22% on MUVs.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/shoonya.com\/blog\/50th-gst-council-meeting-2023-explore-latest-gst-rates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"50th GST Council Meeting 2023: Explore Latest GST Rates\" \/>\n<meta property=\"og:description\" content=\"Discover the significant decisions made at the GST Council Meeting 2023, including 28% GST on online gaming, horse racing, and casinos and 22% on MUVs.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/shoonya.com\/blog\/50th-gst-council-meeting-2023-explore-latest-gst-rates\/\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ShoonyaApp\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-12T06:55:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-12T06:56:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/shoonya.com\/blog\/wp-content\/uploads\/2023\/07\/50th-GST-Council-Meeting-2023-Explore-Latest-GST-Rates.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@shoonyaapp\" \/>\n<meta name=\"twitter:site\" content=\"@shoonyaapp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/50th-gst-council-meeting-2023-explore-latest-gst-rates\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/50th-gst-council-meeting-2023-explore-latest-gst-rates\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/#\\\/schema\\\/person\\\/f136efa6e9f6500d1b76595131564b8a\"},\"headline\":\"Significant Decisions at GST Council Meeting 2023: 28% GST on Online Gaming, Horse Racing, and Casinos; 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