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

The Integrated Goods and Services Tax (Amendment) Bill, 2023 aims to provide clarity on taxability of online gaming services and introduce new provisions for online money gaming. The bill's implementation is expected to impact the gambling industry and e-commerce businesses. The bill excludes online gaming from OIDAR services, allowing it to be taxed as inter-State supply instead of IGST. The bill inserts a new section 14A, requiring online money gaming suppliers to obtain a single registration under the Simplified Registration Scheme and pay integrated tax on their supplies. The amendment provides for special provisions regarding online money gaming supplied by a person located outside the taxable territory. The bill does not involve any recurring or non-recurring expenditure from and out of the Consolidated Fund of India. The President recommends the introduction of the Bill under article 117(1) read with article 274(1) of the Constitution of India to Lok Sabha.