No review or roll-back; GST move unanimous: Revenue Secy Sanjay Malhotra

"I don't think that the demand for these vehicles is so 'elastic' that a small tax change could impact the market drastically"

India’ revenue secretary Sanjay Malhotra

India’ revenue secretary Sanjay Malhotra

Shrimi Choudhary
Imposing 28 per cent goods and services tax on the entire turnover involving online gaming, casinos and horse racing was a “unanimous” decision by the GST Council, and will not need any review, says Revenue Secretary SANJAY MALHOTRA in an interview with Shrimi Choudhary in New Delhi. He expects roughly 10x higher revenue than what the government earned in 2022-23 from gaming firms if the volume remains the same. Edited excerpts:
Any possibility of a review or roll-back amid gaming industry concerns?

I don’t think there is any chance of a review so early on. I do not see any reason to roll back either. It was a unanimous decision by the GST Council, comprising both states and the Centre.

First Published: Jul 12 2023 | 10:34 PM IST

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