THE CENTRAL GOODS AND SERVICES TAX (AMENDMENT) BILL, 2023
GST
Dated:- 12-8-2023
AS INTRODUCED IN LOK SABHA
Bill No. 119 of 2023
THE CENTRAL GOODS AND SERVICES TAX (AMENDMENT) BILL, 2023
A
BILL
further to amend the Central Goods and Services Tax Act, 2017.
BE it enacted by Parliament in the Seventy-fourth Year of the Republic of India as follows:
Short title and commencement.
1. (1) This Act may be called the Central Goods and Services Tax (Amendment) Act, 2023.
(2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint:
Provided that different dates may be appointed for different provisions of this Act and any reference in any such provision to the commencement of this Act shall be construed as a reference to the coming into force of that provision.
Amendment of section 2.
2. In section 2 of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as the principal Act),
(a) after cla
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(c) in clause (105), the following proviso shall be inserted at the end, namely:
"Provided that a person who organises or arranges, directly or indirectly, supply of specified actionable claims, including a person who owns, operates or manages digital or electronic platform for such supply, shall be deemed to be a supplier of such actionable claims, whether such actionable claims are supplied by him or through him and whether consideration in money or money's worth, including virtual digital assets, for supply of such actionable claims is paid or conveyed to him or through him or placed at his disposal in any manner, and all the provisions of this Act shall apply to such supplier of specified actionable claims, as if he is the supplier liable to pay the tax in relation to the supply of such actionable claims;";
(d) after clause (117), the following clause shall be inserted, namely:
'(117A) "virtual digital asset" shall have the same meaning as assigned to i
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51st meetings considered representation from various associations on the issues regarding taxability of Casinos, Horse Racing and Online Gaming and recommended to make certain amendments in the Central Goods and Services Tax Act, 2017 (the Act) to provide clarity regarding taxability of Casinos, Horse Racing and Online Gaming.
2. The proposed Central Goods and Services Tax (Amendment) Bill, 2023, inter alia, provides to
(i) define the expressions "online gaming", "online money gaming", "specified actionable claim" and "virtual digital asset";
(ii) insert a proviso in the definition of "supplier" to provide clarity regarding "supplier" in case of supply of "specified actionable claim";
(iii) substitute "specified actionable claim" in paragraph 6 of Schedule III of the Act, for the present entries "lottery, betting and gambling", so as to provide clarity regarding taxability of actionable cla
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