Value of supply in online gaming clarified: deposits, virtual assets and casino token purchases form taxable value, refunds non deductible. The amendment adds rules specifying valuation for GST: rule 31B sets the value of online gaming supplies, including actionable claims in online money gaming, as the total amount paid or payable to or deposited with the supplier by money or money's worth, including virtual digital assets, by or on behalf of the player, with refunds not deductible. Rule 31C sets the value of actionable claims in casinos as the total amount paid or payable by or on behalf of the player for purchase of tokens, chips, coins or tickets or for participation where such instruments are not required, with refunds not deductible; reused winnings not withdrawn are not treated as amounts paid to the supplier.
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.
Value of supply in online gaming clarified: deposits, virtual assets and casino token purchases form taxable value, refunds non deductible.
The amendment adds rules specifying valuation for GST: rule 31B sets the value of online gaming supplies, including actionable claims in online money gaming, as the total amount paid or payable to or deposited with the supplier by money or money's worth, including virtual digital assets, by or on behalf of the player, with refunds not deductible. Rule 31C sets the value of actionable claims in casinos as the total amount paid or payable by or on behalf of the player for purchase of tokens, chips, coins or tickets or for participation where such instruments are not required, with refunds not deductible; reused winnings not withdrawn are not treated as amounts paid to the supplier.
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