The Lok Sabha on August 09, 2023, introduced the Central Goods and Services Tax (Amendment) Bill, 2023 to further amend the Central Goods and Services Tax Act, 2017.
The following amendments have been stated:
• In section 2 which specifies Definitions, of the Central Goods and Services Tax Act, 2017, —
o After clause (80), the following clauses shall be inserted, namely: —
'(80A) "online gaming" means offering of a game on the internet or an electronic network and includes online money gaming;
(80B) "online money gaming" means online gaming in which players pay or deposit money or money's worth, including virtual digital assets, in the expectation of winning money or money's worth, including virtual digital assets, in any event including game, scheme, competition or any other activity or process, whether or not its outcome or performance is based on skill, chance or both and whether the same is permissible or otherwise under any other law for the time being in force;’;
o After clause (102), the following clause shall be inserted, namely: —
'(102A) "specified actionable claim" means the actionable claim involved in or by way of—
(i) betting;
(ii) casinos;
(iii) gambling;
(iv) horse racing;
(v) lottery; or
(vi) online money gaming;’;
o in clause (105), the following proviso shall be inserted at the end, namely: —
"Provided that a person who organises or arranges, directly or indirectly, supply of specified actionable claims, including a person who owns, operates or manages digital or electronic platform for such supply, shall be deemed to be a supplier of such actionable claims, whether such actionable claims are supplied by him or through him and whether consideration in money or money's worth, including virtual digital assets, for the supply of such actionable claims is paid or conveyed to him or through him or placed at his disposal in any manner, and all the provisions of this Act shall apply to such supplier of specified actionable claims as if he is the supplier liable to pay the tax in relation to the supply of such actionable claims;";
o after clause (117), the following clause shall be inserted, namely: —
‘(117A) "virtual digital asset" shall have the same meaning as assigned to it in clause (47A) of section 2 of the Income-tax Act, 1961;’.
• In Section 24 which specifies Compulsory registration in certain cases,
o in clause (xi), the word "and" occurring at the end, shall be omitted;
o after clause (xi), the following clause shall be inserted, namely: —
"(xia) every person supplying online money gaming from a place outside India to a person in India; and
• In Schedule III, in paragraph 6, for the words "lottery, betting and gambling" the words "specified actionable claims" shall be substituted.
It shall come into force on such date as the Central Government may appoint by notification in the Official Gazette.
[Bill No. 119 of 2023]
