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"
- Hyderabad GST Evasion Surges as One-Third of Dealers Fail to File Returns
- Ludhiana Police Crack Down on GST Fraud Network
- High Court Clarifies GST Treatment of Corporate Guarantees Without Consideration
- West Bengal AAR Rejects Hotel ITC Advance Ruling Over Pending GST Proceedings
- IMS vs Purchase Register: GST Reconciliation Guide
