GST Act Amended for Taxation of Online Gaming

August 23, 2023August 19, 2023 by Pooja Gupta

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MINISTRY OF LAW AND JUSTICE (Legislative Department) issued CGST and IGST Amendment Acts 2023 Dated 18 August 2023, which got Presidential Assent.

Amendments in CGST Act:

1)Definitions added in Section 2 of Online Gaming, Online money gaming, Specified Actionable claim

2) Amendment in Section 24 – the following clause shall be inserted, namely:—

“(xia) every person supplying online money gaming from a place outside India to a person in India; and

3)Amendment in Schedule III “lottery, betting and gambling” the words “specified actionable claims” shall be substituted.

Amendments in IGST Act

1)Amendment of Section 5

2) Amendment of Section 10

3) Insertion of new section 14A – Special provision for specified actionable claims supplied by a person located outside taxable territory.

CGST Amendment Act 2023 No.30 of 2023 Dated 18 August 2023 for Taxation on Online Gaming

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CGST Amendment Act 2023 No.31 of 2023 Dated 18 August 2023 for Taxation on Online Gaming

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Pooja Gupta

CA Pooja Gupta (CA, ISA, M.com) having 15 years of experience. Educator and Digital Creator

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