How Gst Changes Affect Online Gaming

How gst changes affect online gaming

There are two bills that were passed in august of 2023 to amend the gst laws and bring online money gaming under the tax net

The aim of the amendments is to curb money laundering and black money in the online gaming sector

The amended provisions in the gst laws will be effective from october 1

Money that is paid to win will be taxed on the total amount paid to the supplier

There will be no impact on casual online gaming where no money is involved

Overseas suppliers of online money gaming will have to register and pay tax

The power to block websites will be blocked

The amendments will not have an effect on startups in india

A group of ministers took a decision after three years of deliberations