TaxTMI 
TaxTMI 
TAX LIABILITY ON ONLINE SATTA ( ) UNDER GST
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....AX LIABILITY ON ONLINE SATTA ( ) UNDER GST<br> Query (Issue) Started By: - MUKESH SAXENA Dated:- 15-12-2023 Last Reply Date:- 15-12-2023 Goods and Services Tax - GST<br>Got 1 Reply<br>GST<br>एक PERSON ऑनलाइन सट्टा खिलाता रोजाना उसक&....
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....#2375; बैंक खाते में Rs. 100000-00 सट्टा खेलने वालों से जमा होता है और उसमे से Rs. 80000-00 दलाली &#....
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....2325;ा पेमेंट Company को करता है - इस काम का कोई भी बिल जारी नहीं किया जाता है मेरी Qu....
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....ery यह है कि --- 1- क्या GST में सट्टा पर टैक्स लगेगा / किस धारा में आयेगा / GST रजिस्ट्....
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....रेशन किस प्रकार होगा 2- अगर लगेगा तो Tax Rate क्या होगा और कौन जमा करेगा, क्या ख....
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....ेलने वालों से टैक्स वसूला जायेगा 3- अगर टैक्स लगता है तो प्रिंसिपल value क्....
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....;या होगी Rs 100000-00 या 20000-00 ( 100000-80000=20000=00 ) 4 - GST Return कौन से Form में File कि जायगी Reply By KASTURI SETHI: The Reply: It is a sort of gambling. Betting and gambling have been brought into GST net w.e.f. 1.10.23. Betting falls under Spec....
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....ified Actionable Claim SAC/HSN is 999692. Here is notification. CGST Rates on specified actionable claim involved in or by way of betting, casinos, gambling, horse racing, lottery or online money gaming to be levied @ 14% w.e.f. 1-10-2023 -- Amendment to Notification No. 1/2017-C.T. (Rate) In exercise of the powers conferred by sub-section (1) of section 9 and sub-section (5) of section 15 of th....
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....e Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 1/2017-Central Tax (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-sec....
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....tion (i), vide number G.S.R. 673(E), dated the 28th June, 2017, namely: - In the said notification, (i) in Schedule IV- (a) after S. No. 227 and the entries related thereto, the following S. No. and entries shall be inserted, namely :- (1) (2) (3) "227A Any Chapter Specified actionable claim; Explanation : "specified actionable claim" as defined in section 2(102A) of the CGST Act, 2017 ....
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....means the actionable claim involved in or by way of -- (i)..... betting; (ii)... casinos; (iii).. gambling; (iv).. horse racing; (v).... lottery; or (vi).. online money gaming;"; (b) S. No. 228 and 229 and the entries relating thereto shall be omitted. (ii) in the Explanation, after clause (iv), the following clause shall be inserted, namely : "(v) The words and expressions used an....
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....d not defined in this notification, but defined in the Central Goods and Service Tax Act, 2017 (12 of 2017), the Integrated Goods and Services Tax Act, 2017 (13 of 2017) and the Union Territory Goods and Services Tax Act, 2017 (14 of 2017), shall have the same meanings as assigned to them in those Acts." 2. This notification shall come into force on the 1st day of October, 2023. [Notificati....
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....on No. 11/2023-C.T. (Rate), dated 29-9-2023]<br> Discussion Forum - Knowledge Sharing ....