The Ministry of Finance (MoF), on August 02, 2023, issued a notification regarding recommendations of the 51 GST Council Meeting.
GST Council recommends certain amendments in CGST Act 2017 and IGST Act 2017, including amendment in Schedule III of CGST Act, 2017, to provide clarity on taxation of supplies in casinos, horse racing and online gaming.
GST Council also recommends inserting a specific provision in IGST Act, 2017 to provide for liability to pay GST on suppliers located outside India supplying online money gaming to a person in India.
GST Council recommends GST on the valuation of the supply of online gaming and actionable claims in casinos at the entry-level.
[Release ID: 1945208]
