Union Finance Minister Nirmala Sitharaman said on Tuesday that 28% GST on the full face value of supplies in casinos, race courses, and online gaming will result in higher revenues.

Sitharaman said online gaming companies supplying actionable claims and some horse race clubs paying 18% on platform fee/commission are disputing the 28% levy on actionable claims in the form of betting and gambling before various legal fora.

”It is anticipated that the levy of 28% on full face value, as recommended in the 50th GST Council meeting, will result in an increase in revenue from current levels,” Sitharaman further said.

In a written reply to a question in the Rajya Sabha, Sitharaman said casinos are currently paying 28% GST on Gross Gaming Revenue (GGR).

The online gaming industry supplying actionable claims, and some horse race clubs are currently paying GST at the rate of 18% on platform fees/commission ranging from 5 to 20% of the full face value, while some horse race clubs are paying 28% on the full face value.

(With inputs from PTI)