Goods and Services Tax – GST Dated:- 12-8-2023 – News – AS INTRODUCED IN LOK SABHA Bill No. 120 of 2023 THE INTEGRATED GOODS AND SERVICES TAX (AMENDMENT) BILL, 2023 A BILL further to amend the Integrated 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 Integrated 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. Amendment of section 2. 2. In section 2 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017) (hereinafter referred to as the principal Act), in clause (17), for sub-clause (vii), the following sub-clause shall be substituted, namely: (vii) online gaming, excluding the online money gaming as defined in clause (80B) of section 2 of the Central Go
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he invoice shall be deemed to be the recording of the address of the said person; . Insertion of new section 14A. 5. After section 14 of the principal Act, the following section shall be inserted, namely: Special provision for specified actionable claims supplied by a person located outside the taxable territory. 14A. (1) A supplier of online money gaming as defined in clause (80B) of section 2 of the Central Goods and Service Tax Act, 2017 (12 of 2017.), not located in the taxable territory, shall in respect of the supply of online money gaming by him to a person in the taxable territory, be liable to pay integrated tax on such supply. (2) For the purposes of complying with provisions of sub section (1), the supplier of online money gaming shall obtain a single registration under the Simplified Registration Scheme referred to in sub-section (2) of section 14 of this Act: Provided that any person located in the taxable territory representing such supplier f
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ervice Tax Council (GST Council) in its 50th and 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 Integrated Goods and Services Tax Act, 2017 (the Act) to provide clarity regarding taxability of Casinos, Horse Racing and Online Gaming. 2. The proposed Integrated Goods and Services Tax (Amendment) Bill, 2023, inter alia, provides to (i) amend clause (17) of section 2 of the Act to exclude online money gaming from the definition of Online Information and Data Access or Retrieval (OIDAR) services; (ii) amend the proviso to sub-section (1) of section 5 of the Act, to provide that in case of import of such goods, that may be notified by the Government on the recommendations of the GST Council, the levy of Integrated Goods and Services Tax (IGST) may not be required to be done in accordance with the provisions of section 3 of the Customs T
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osted in any computer resource used for supply of online money gaming by such supplier in case of failure to comply with provisions of registration and payment of tax in such manner as specified in the Information Technology Act, 2000. 3. The Bill seeks to achieve the above objectives. NIRMALA SITHARAMAN. New Delhi; The 9th August, 2023. FINANCIAL MEMORANDUM The proposed Integrated Goods and Services Tax (Amendment) Bill, 2023 does not involve any recurring or non-recurring expenditure from and out of the Consolidated Fund of India. ANNEXURE EXTRACTS FROM THE INTEGRATED GOODS AND SERVICES TAX ACT, 2017 (13 OF 2017) Definitions. 2. In this Act, unless the context otherwise requires, * * * * * (17) online information and database access or retrieval services means services whose delivery is mediated by information technology over the internet or an electronic network and the nature of which renders their supply essentially automated
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