Seeks to notify supply of online money gaming, supply of online gaming other than online money gaming and supply of actionable claims in casinos under section 15(5) of CGST Act

Notification on Taxation of Online Gaming and Casinos (Section 15(5) of CGST Act, 2017)

The Government of India, through the Ministry of Finance and the Central Board of Indirect Taxes and Customs, issued Notification No. 49/2023 regarding the taxation of certain supplies under the Central Goods and Services Tax Act, 2017. This notification, dated September 29, 2023, is based on the recommendations of the GST Council and exercises the powers under sub-section (5) of section 15 of the Act. It specifies that the following supplies will be subject to the provisions of this section: (i) supply of online money gaming, (ii) supply of online gaming other than online money gaming, and (iii) supply of actionable claims in casinos. The notification will take effect from October 1, 2023. This move is part of the government's efforts to regulate and tax the growing online gaming and casino sectors effectively.