{"id":9345,"date":"2023-09-06T17:17:01","date_gmt":"2023-09-06T16:17:01","guid":{"rendered":"https:\/\/www.klickongstworld.com\/blog\/?p=9345"},"modified":"2023-09-07T03:33:04","modified_gmt":"2023-09-07T02:33:04","slug":"cbic-notified-rules-31b-and-31c-for-the-valuation-of-supply-of-casino-gaming-and-online-gaming","status":"publish","type":"post","link":"https:\/\/www.klickongstworld.com\/blog\/cbic-notified-rules-31b-and-31c-for-the-valuation-of-supply-of-casino-gaming-and-online-gaming\/","title":{"rendered":"CBIC notified Rules 31B and 31C for the valuation of supply of casino gaming and online gaming"},"content":{"rendered":"<p align=\"justify\">The CBIC has issued <em><strong>Notification No. 45\/2023 &#8211; Central Tax dated September 06, 2023<\/strong><\/em>&nbsp;to notify the Central  Goods and Services Tax (Third Amendment) Rules, 2023. <\/p>\n<p align=\"justify\">They shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.<\/p>\n<p align=\"justify\">In the Central Goods and Services Tax Rules, 2017, after rule 31A, the following rules shall be inserted, namely:-<\/p>\n<p align=\"justify\"><strong>&#8220;Rule 31B. Value of supply in  case of online gaming including online money gaming.-<\/strong><\/p>\n<p align=\"justify\">Notwithstanding anything contained in this chapter, the value of  supply of online gaming, including supply of actionable claims involved in  online money gaming, shall be the total amount paid or payable to or deposited  with the supplier by way of money or money&#8217;s worth, including virtual digital  assets, by or on behalf of the player:<\/p>\n<p align=\"justify\">Provided that any amount returned or refunded by the supplier to  the player for any reasons whatsoever, including player not using the amount  paid or deposited with the supplier for participating in any event, shall not  be deductible from the value of supply of online money gaming.<\/p>\n<p align=\"justify\"><strong>Rule31C. Value of supply of  actionable claims in case of casino.<\/strong>Notwithstanding anything  contained in this chapter, the value of supply of actionable claims in casino  shall be the total amount paid or payable by or on behalf of the player for &#8211; <\/p>\n<p align=\"justify\">(i) purchase of the tokens, chips, coins or tickets, by whatever  name called, for use in casino; or<\/p>\n<p align=\"justify\">(ii) participating in any event, including game, scheme,  competition or any other activity or process, in the casino, in cases where the  token, chips, coins or tickets, by whatever name called, are not required:<\/p>\n<p align=\"justify\">Provided that any amount returned or refunded by the casino to the  player on return of token, coins, chips, or tickets, as the case may be, or  otherwise, shall not be deductible from the value of the supply of actionable  claims in casino.<\/p>\n<p align=\"justify\"><strong>Explanation.-<\/strong>&nbsp;For the purpose of rule  31B and rule 31C, any amount received by the player by winning any event,  including game, scheme, competition or any other activity or process, which is  used for playing by the said player in a further event without withdrawing,  shall not be considered as the amount paid to or deposited with the supplier by  or on behalf of the said player.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>2023\/09\/0609.png<\/p>\n","protected":false},"author":1,"featured_media":9346,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts\/9345"}],"collection":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/comments?post=9345"}],"version-history":[{"count":3,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts\/9345\/revisions"}],"predecessor-version":[{"id":9349,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts\/9345\/revisions\/9349"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/media\/9346"}],"wp:attachment":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/media?parent=9345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/categories?post=9345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/tags?post=9345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}