In a blow to online gaming companies, the GST Council on Tuesday decided that 28 per cent GST would be levied on the full value of gaming, horse racing and casinos.
Among other issues, the Council approved exemption from GST on import of cancer drug dinutuximab and food for special medical purposes (FSMP) used in the treatment of rare diseases.
The GST Council, which held its 50th meeting under the chairmanship of Union Finance Minister Nirmala Sitharaman, decided to remove the distinction between a game of skill and a game of chance in the case of online gaming. West Bengal Finance Minister Chandrima Bhattacharya told reporters after the meeting that the date of imposition of 28 per cent GST would become effective after the amendment in the GST Act.
Maharashtra Forest, Culture and Fisheries Minister Sudhir Mungantiwar told reporters that the GST Council has also approved the setting up of an appellate tribunal.
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