Panel set up to examine Valuation of Services by Online Gaming Companies
The government of India has established a panel of state ministers so as to examine better valuation of services by online gaming portals as well as casinos and race courses to levy goods and services tax (GST). As online gaming is on the rise in India, the panel has been constituted to better understand and resolve the GST related issues revolving around such portals and platforms.
Members of the Panel
- The panel comprises of seven members to be convened by Deputy Chief Minister of Gujarat Nitin Patel. The other members that constitute the panel are:
- Ajit Pawar (Deputy Chief Minister of Maharashtra)
- Chowna Mein (Deputy Chief Minister of Arunachal Pradesh)
- Amit Mitra (Finance Minister of West Bengal)
- P Thiagarajan (Finance Minister of Tamil Nadu)
- Mauvin Godinho (Transport Minister of Goa)
- Basavaraj Bommai (Home Minister of Karnataka)
Function of the panel
- The Panel constituted by the government will examine the valuation of services revolving around online gaming platforms, race courses and casinos.
- The panel will also look to examine and find out if any such alternative legal provisions are required to provide better means of valuation for these online gaming and the other services.
- It will also examine the impact of such valuation on other related services like lottery.
- The panel will have to submit its report in six months time to the GST Council which is chaired by the Union Finance Minister Nirmala Sitharaman and comprising of Finance Ministers of the other states.
At present, 18% GST is charged on services such as online gaming platforms, horse racing and casinos.