Define game of chance, game of skill to decide on taxation: GST law panel

The law panel has informed the group of Ministers (GoM) that a clear definition will clear confusion and reduce scope for multiple litigations

The Law Committee under the Goods and Services Tax (GST) Council thinks that a clear definition and classification of the terms “game of chance” and “game of skill” is a must before taking a decision on the taxation of online gaming and betting, the Economic Times reported

The law panel has informed the group of Ministers (GoM) that a clear definition will clear confusion and reduce the scope for multiple litigations, the report said. 

Earlier in September, representatives from the Gaming industry met officials from the finance ministry to make a case for why a 'game of skill' should be taxed differently.