Union Finance and Corporate Affairs Minister Nirmala Sitharaman briefed the media after the GST Council meeting.

The 50th meeting of the GST Council was held in New Delhi on Tuesday. Finance Minister Nirmala Sitharaman chaired the meeting and agreed to levy 28 per cent GST on the full value of online gaming, horse racing and casinos. Also, now food will be cheaper in cinema halls. The GST Council has decided to cut GST on food items in cinema halls. At the same time, GST will not be levied on cancer drugs.

Union Finance and Corporate Affairs Minister Nirmala Sitharaman briefed the media after the GST Council meeting. He said that now it was decided on Monday to impose a tax at the rate of 28 percent on the total amount at stake in online gaming, casino and horse racing. The GoM had to consider whether to tax the entire amount at stake in these three activities or gross gaming revenue or only the fees charged by the platform. While taxing online gaming companies, there will be no difference on the basis of whether it is a skill-based game or a coincidence-based game.


Sitharaman said that in the GST Council meeting, it was also decided to keep drugs used in cancer treatment and rare diseases out of the GST purview. Apart from this, the GST Council also decided to exempt satellite launching services provided by private companies from GST.


If you like to watch movies, then now food will be cheaper in cinema halls. Gst rate on food served in cinema halls has been reduced to 5 percent. Earlier it was 18 percent. Apart from this, GST has also been reduced on some other products. Tax on uncooked food pallets, fish and saute paste has also been reduced in the meeting. GST on these products has been reduced from 18 percent to 5 percent. The GST Council has also approved the formation of GST Tribunal.

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