Notification 45/2023 – Central Tax dated 6th September, 2023

Key Pointers – 

• CBIC has inserted Rule 31B and Rule 31C regarding the Valuation of supply of online gaming including online money gaming and actionable claims in case of casino.
• According to Rule 31B the value of supply of online gaming, including online money gaming will be total amount paid deposited with the supplier by way of money or money’s worth, including virtual digital assets.
• Further any amount of refunded or returned will not be deducted from the total value of supply of online money gaming.
• As per Rule 31C the value of supply of actionable claims in casino will be total amount paid for purchase of the tokens, chips, coins or tickets for use in casino or participating in any games, competition where tokens, chips, coins or tickets etc. are not required.
• Refunds or returns will not be deducted from the total value of supply of online money gaming.
• Any amount received by the player by winning any event, which is used for playing in a further event without withdrawing, will not be considered as the amount paid to or deposited with the supplier.