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
Latest Posts in "India"
- India’s GST E-Invoice Services Temporarily Unavailable for Maintenance
- India Tests E-Invoicing for Recipient-Generated Reverse-Charge Self-Invoices
- India: FICO Urges Punjab to Clear Pending GST and VAT Refunds
- India: CBIC Clarifies Seven GST Issues on Input Service Distributor Mechanism
- India to Revamp GST Return Forms to Reduce Tax Mismatches
