GST amendments: taxable 'specified actionable claims' in casinos and online money gaming, valuation on amounts paid or payable. Amendments amend Entry 6 Schedule III and insert definitions in Section 2 to classify 'specified actionable claim', 'online gaming', 'online money gaming' and 'virtual digital assets'; deem organisers and platform operators to be suppliers; amend Notification No.66/2017 CT to make tax payable on receipt for specified actionable claims; insert Section 14A in IGST Act to tax cross border online money gaming with single registration and blocking powers; and insert Rules 31B and 31C to value online gaming and casino actionable claims as the total amount paid or payable (including virtual assets), with an Explanation and provisos on refunds.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
GST amendments: taxable "specified actionable claims" in casinos and online money gaming, valuation on amounts paid or payable.
Amendments amend Entry 6 Schedule III and insert definitions in Section 2 to classify "specified actionable claim", "online gaming", "online money gaming" and "virtual digital assets"; deem organisers and platform operators to be suppliers; amend Notification No.66/2017 CT to make tax payable on receipt for specified actionable claims; insert Section 14A in IGST Act to tax cross border online money gaming with single registration and blocking powers; and insert Rules 31B and 31C to value online gaming and casino actionable claims as the total amount paid or payable (including virtual assets), with an Explanation and provisos on refunds.
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