Finmin notifies norms to determine value of supply for GST on online gaming and casinos

The Finance Ministry on Wednesday notified norms to determine the value of supply in case of online gaming and casinos. It has also clarified that the appointed date for implementing norms will be notified later. Norms are based on recommendations given by GST Council in its meeting on July 18 and August 2. It may be noted that the rate of GST will be 28 per cent on full face value. What the norms…