Notification No.: 49/2023 – Central Tax
Date of Notification: 29th September 2023
Relevant Sections and Rules:
- Central GST Act, 2017:
- Section 15(5) – Power of Government to notify supplies whose value of supply shall be determined in a prescribed manner
Summary of Notification:
- This notification has been issued under Section 15(5) of the CGST Act, 2017, empowering the Government to specify supplies whose valuation will follow special rules.
- The following supplies have been notified for special valuation:
- Supply of online money gaming
- Supply of online gaming, other than online money gaming
- Supply of actionable claims in casinos
- This notification works in tandem with Notification No. 45/2023 – Central Tax (Third Amendment Rules, 2023) which inserted Rule 31B and 31C specifying the valuation methodology for online gaming and casinos.
- The provisions come into effect from 1st October 2023, ensuring that the taxation of gaming and casino supplies is brought under a uniform valuation framework.
Source: Notification No.: 49/2023 – Central Tax
