CBIC prescribes the valuation mechanism for ‘online gaming’ (including actionable claims involved in ‘online money gaming’) and ‘casino’ by inserting new rules.
- Value of supply in case of ‘online gaming’, including actionable claims involved in ‘online money gaming’ (Rule 31B of the Central Goods and Services Tax Rules, 2017 (CGST Rules)
- Value of supply of actionable claims in case of casino (Rule 31C of the CGST Rules)
- Hon’ble Supreme Court stays the application of the Karnataka High Court ruling in Gameskraft
Source: BDO India
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