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of <h1>GST Council Sets 28% Tax on Casinos, Online Gaming, and Horse Racing; Amendments Effective October 2023 Despite Opposition.</h1> The 51st GST Council meeting, chaired by the Union Finance Minister, discussed key agenda items including ratification of notifications and circulars, and proposed amendments to the CGST and IGST Acts and Rules, particularly concerning casinos, online gaming, and horse racing. The Council agreed to tax these activities at 28% on the full face value, despite opposition from some states like Goa, Sikkim, and Delhi, who raised concerns about the impact on local economies and the start-up ecosystem. The Council decided to implement the amendments by October 2023, with a review planned after six months. A clarificatory provision will be added to ensure the amendments do not legalize banned activities in states like Tamil Nadu.
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