Integrated Goods and Services Tax (Amendment) Act, 2023.

Reading Time: 4 minutes

Govt. Has notified the Integrated Goods and Services Tax (Amendment) Act, 2023.

Content of amended are as follow. Ji

THE INTEGRATED GOODS AND SERVICES TAX (AMENDMENT) ACT, 2023

 

No. 31 OF 2023

[18th August, 2023.]

 

An Act further to amend the Integrated Goods and Services Tax Act, 2017. Be it enacted by Parliament in the Seventy-fourth Year of the Republic of India aso follows:-

 

1. (7) This Act may be called the Integrated Goods and Services Tax (Amendment) Short title and Act, 2023.

(2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.

 

13

THE INTEGRATED GOODS AND SERVICES TAX (AMENDMENT) ACT, 2023

No. 31 OF 2023

[18th August, 2023.]

An Act further to amend the Integrated Goods and Services Tax Act, 2017. Be it enacted by Parliament in the Seventy-fourth Year of the Republic of India as

follows:-

1. (7) This Act may be called the Integrated Goods and Services Tax (Amendment) Short title and Act, 2023.

(2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.

13 of 2017.

2. In section 2 of the Integrated Goods and Services Tax Act, 2017 (hereinafter referred Amendment to as the principal Act), in clause (17), for sub-clause (vii), the following sub-clause shall be of section 2 substituted, namely:-

12 of 2017.

“(vii) online gaming, excluding the online money gaming as defined in clause (808) of section 2 of the Central Goods and Services Tax Act, 2017:”

of 2017.

2. In section 2 of the Integrated Goods and Services Tax Act, 2017 (hereinafter referred Amendment to as the principal Act), in clause (17), for sub-clause (vii), the following sub-clause shall be of section 2 substituted, namely:-

 

12 of 2017.

 

“(vii) online gaming, excluding the online money gaming as defined in clause (808) of section 2 of the Central Goods and Services Tax Act, 2017:”

THE INTEGRATED GOODS AND SERVICES TAX (AMENDMENT) ACT, 2023

No. 31 OF 2023

[18th August, 2023.]

An Act further to amend the Integrated Goods and Services Tax Act, 2017. Be it enacted by Parliament in the Seventy-fourth Year of the Republic of India as

follows:-

1. (7) This Act may be called the Integrated Goods and Services Tax (Amendment) Short title and Act, 2023.

(2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.

13 of 2017.

2. In section 2 of the Integrated Goods and Services Tax Act, 2017 (hereinafter referred Amendment to as the principal Act), in clause (17), for sub-clause (vii), the following sub-clause shall be of section 2 substituted, namely:-

12 of 2017.

“(vii) online gaming, excluding the online money gaming as defined in clause (808) of section 2 of the Central Goods and Services Tax Act, 2017:”

 

of section 5.

 

3. In section 5 of the principal Act, in sub-section (1), in the proviso, after the words “integrated tax on goods”, the words “other than the goods as may be notified by the Government on the recommendations of the Council” shall be inserted.

 

Amendment of section 10

 

4. In section 10 of the principal Act, in sub-section (1), after clause (c), the following clause shall be inserted, namely:-

 

“(ca) where the supply of goods is made to a person other than a registered

 

person, the place of supply shall, notwithstanding anything contrary contained in

 

clause (a) or clause (c), be the location as per the address of the said person recorded

 

in the invoice issued in respect of the said supply and the location of the supplier

 

where the address of the said person is not recorded in the invoice.

 

Explanation. For the purposes of this clause, recording of the name of the

 

State of the said person in the invoice shall be deemed to be the recording of the

 

address of the said person.”.

 

5. After section 14 of the principal Act, the following section shall be inserted, namely:-

 

“14A. (1) A supplier of online money gaming as defined in clause (80B) of

 

Insertion of new section 14A.

 

Special

 

section 2 of the Central Goods and Services Tax Act, 2017, not located in the taxable 12 of 2017.

 

territory, shall in respect of the supply of online money gaming by him to a person in

 

the taxable territory, be liable to pay integrated tax on such supply.

 

(2) For the purposes of complying with provisions of sub-section (7), the supplier

 

of online money gaming shall obtain a single registration under the Simplified

 

Registration Scheme referred to in sub-section (2) of section 14 of this Act:

 

Provided that any person located in the taxable territory representing such supplier

 

for any purpose in the taxable territory shall get registered and pay the integrated tax

 

on behalf of the supplier.

 

Provided further that if such supplier does not have a physical presence or does

 

not have a representative for any purpose in the taxable territory, he shall appoint a

 

person in the taxable territory for the purpose of paying integrated tax and such person

 

shall be liable for payment of such tax.

 

provision for specified actionable claims supplied by a person located outside taxable

 

territory.

 

(3) In case of failure to comply with provisions of sub-section (1) or sub-section (2) by the supplier of the online money gaming or a person appointed by such supplier or both, notwithstanding anything contained in section 69A of the Information Technology Act, 2000, any information generated, transmitted, received or hosted in 21 of 2000. any computer resource used for supply of online money gaming by such supplier shall be liable to be blocked for access by the public in such manner as specified in the said Act.”.

0Shares

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.