INTEGRATED GOODS AND SERVICES TAX (AMENDMENT) ACT, 2023
Section 2 - Amendment of section 2
Amendment to Section 2 of the Integrated Goods and Services Tax Act, 2017
The amendment to Section 2 of the Integrated Goods and Services Tax Act, 2017, involves a change in clause (17). Specifically, sub-clause (vii) is being replaced. The new sub-clause (vii) specifies that "online gaming" is included but explicitly excludes "online money gaming" as defined under clause (80B) of Section 2 of the Central Goods and Services Tax Act, 2017. This amendment clarifies the distinction between general online gaming and online money gaming for the purposes of the Act, likely affecting how they are treated under the tax law.
Note: It is an AI generated summary for reference purpose only.
Amendment of section 2.
2. In section 2 of the Integrated Goods and Services Tax Act, 2017 (hereinafter referred to as the principal Act), in clause (17), for sub-clause (vii), the following sub-clause shall be substituted, namely:—
"(vii) online gaming, excluding the online money gaming as defined in 12 of 2017. clause (80B) of section 2 of the Central Goods and Services Tax Act, 2017;".
