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BY A R DAS
The Lok Sabha today passed the Central Goods and Services Tax (Amendment) Bill, 2023, and Integrated Goods and Services Tax (Amendment) Bill, 2023 without discussion with a voice vote. Finance Minister Nirmala Sitharaman introduced these bills in the house amid din.
The Central Goods and Services Tax (Amendment) Bill, 2023 seeks to amend the Central Goods and Services Tax Act 2017 while, the Integrated Goods and Services Tax (Amendment) Bill, 2023 seeks to amend the Integrated Goods and Services Tax Act 2017. The Central Goods and Services Tax (Amendment) Bill, 2023 seeks to define the expressions online gaming, online money gaming, and virtual digital assets. According to the provisions of the Bill, online gaming means offering of a game on the internet or an electronic network and includes money gaming. The Bill states that online money gaming means online gaming in which players pay or deposit money including virtual digital assets in expectation of winning money.
The Integrated Goods and Services Tax (Amendment) Bill, 2023 seeks to amend the Integrated Goods and Services Tax Act 2017 to exclude online money gaming from the definition of online information and data access or retrieval services.