Tax and Accounting Compliance within the Online Gaming Sphere!!

Tax and Accounting Compliance within the Online Gaming Sphere!!

DPSA & ASSOCIATES DPSA & ASSOCIATES

DPSA & ASSOCIATES

Directive Path for Successful Achievement

发布日期: 2024年4月24日
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How it Started in CGST ACT

?SCHEDULE III of the CGST Act contains “Activities or Transactions which shall be treated neither as a Supply of Goods nor a Supply of Services

Old Para 6 of SCHEDULE III =Actionable claims, other than lottery, betting and gambling

New Para 6 of SCHEDULE III=Actionable claims others than except Specified Actionable Claim

?This means Specified Actionable Claim will comes under perview of GSTExamples of Actionable claim-(1) betting (ii) casinos (iii) gambling (iv) horse racing (v) lottery or (vi) online money gaming

?This way all Gaming Industries were entered in preview of GST

? Now there wont be game of skill for online gaming industries ie no benfit of 18%

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