Betting, online gaming take center stage: Maharashtra unveils bold GST move in amendment bill

Nagpur: Maharashtra Deputy Chief Minister Ajit Pawar introduced a significant amendment bill in Assembly on Thursday. proposed amendment aims to categorize online gaming, betting, casinos, horse racing, and lottery under highest GST bracket, which stands at 28 percent.

Ajit Pawar, who also oversees finance portfolio, presented bill for consideration. amendment targets Maharashtra Goods and Services Tax Act of 2017 and is slated for discussion during ongoing winter session of state legislature. Upon approval by lower house, bill will progress to Legislative Council for voting and final approval.

envisaged changes seek to place a variety of new services within highest GST bracket, providing state with a fresh avenue for revenue generation once legislation is enacted into law.

A spokesperson from finance department highlighted substantial turnover associated with se services, amounting to thousands of crores. imposition of taxes on se activities is expected to significantly contribute to state's financial resources, marking a noteworthy development in revenue generation.

(With agency input)