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Dear Professional Colleagues,

Greetings of the Day !

The Central Goods and Services Tax (Amendment) Bill, 2023" and "The Integrated Goods and Services Tax (Amendment) Amendment Bill, 2023," was passed by Lok Sabha and has will be brought into effect from 01.10.2023.

Proposed Amendments

The proposed amendments introduced through “The Central Goods and Services Tax (Amendment) Bill, 2023 make a clear distinction between online gaming and online money gaming specifying that online money gaming is online gaming in which the player pays or deposits an amount in the expectation of winning some amount in a game or event, etc.

The proposed amendments do not affect the tax on casual online gaming in which no real money or betting or wager is involved.
The proposed amendments make it clear that the activity of online money gaming will be taxed on the total amount paid or payable to or deposited with the supplier by or on behalf of the player, irrespective of whether the game is based on skill or chance or both.
Further, the amendment is being done in the Act to provide that actionable claims involved in or by way of casinos, horse racing and online gaming are covered under the ambit of GST.
Registration under GST is being made mandatory for a person supplying online money gaming from a place outside India to a person in India.
A special provision to provide for tax liability on overseas suppliers of online money gaming and also the provisions for simplified GST registration for such suppliers as well as powers for blocking websites/platforms of non-compliant suppliers.
In case of import of intangible goods such as actionable claims involved in or by way of online money gaming etc., which do not physically cross customs frontier, IGST cannot be collected through Customs. The amendments propose to give powers to the Government to notify such goods so that in case of import of such goods, IGST can be levied and collected as regular inter-State supply under provisions of IGST Act.

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For any clarification/ feedback, feel free to write us at amrg@amrg.in.

Best regards,

AMRG Team

About Us

AMRG & Associates is an established Chartered Accountants firm. It came into existence in 1984 and since then has grown its branches across major Indian cities such as Delhi, Mumbai and Chandigarh. Since its inception, it has become one of the leading chartered accountants’ firms in North India. AMRG & Associates offers its clients a wide range of exceptional services through the expertise of its highly motivated group of trained professionals. The firm provides expertise in financial and business advisory, tax and regulatory, audit and assurance and risk advisory services.

AMRG & Associates has a client base of 200+ companies & individuals. The firm's approach to service delivery helps to provide value-added services to its wide clientele. Our differentiation is derived from a rapid performance based, industry-tailored and technology-enabled business advisory services delivered by talented professionals in the country.

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© -2023 AMRG & Associates All Rights Reserved. This document has been written for the general interest of our clients and professional colleagues and is subject to change. This document is not to be construed as any form of solicitation. It is not intended to be exhaustive or a substitute for legal advice. We cannot assume legal liability for any errors or omissions. Specific advice must be sought before taking any action pursuant to this document.

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