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Dated :- 7th September, 2023
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๐๐ ๐๐๐ ๐๐๐!!!!
๐ ๐๐๐๐ ๐ง๐จ๐ญ๐ข๐๐ข๐๐ฌ ๐ฏ๐๐ฅ๐ฎ๐ ๐จ๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐ฅ๐ฒ ๐ข๐ง ๐๐๐ฌ๐ ๐จ๐ ๐จ๐ง๐ฅ๐ข๐ง๐ ๐ ๐๐ฆ๐ข๐ง๐ ๐ข๐ง๐๐ฅ๐ฎ๐๐ข๐ง๐ ๐จ๐ง๐ฅ๐ข๐ง๐ ๐ฆ๐จ๐ง๐๐ฒ ๐ ๐๐ฆ๐ข๐ง๐
The CBIC has introduced new rule to provide that the value of supply of online gaming shall be the total amount paid or payable to or deposited with the supplier by way of money or moneyโs worth, including VDAs, by or on behalf of the player. The government notified amendments to GST law in relation to the valuation methodology to be adopted by online gaming companies and casinos for calculating tax. The Ministry of Finance notified amendments to Central GST law for calculating value of supply in case of online gaming and casinos as per the decision of the GST Council last month.
To learn more
https://taxinformation.cbic.gov.in/view-pdf/1009850/ENG/Notifications
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