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(3) A deeming fiction has been introduced to the effect that online gaming platforms shall be considered supplier of specified actionable claim, and they are made liable to discharge GST.30 (2) Earlier all actionable claims (other than lottery, betting and gambling) were excluded from GST.27 After the amendment, a new species of \u201cspecified actionable claim\u201d has been created and this species is also excluded from the scope of actionable claim. (1) For the first time, in October 2023, concept of \u201conline money gaming\u201d has been introduced as a new species of supply25 along with a distinct charging provision qua foreign gaming platforms.26 This new concept is a subset of online gaming and, broadly speaking, seeks to cover within its scope online games which are played \u201cin the expectation of winning money or money\u2019s worth\u201d. It is therefore not surprising that various online gaming players have also challenged the GST authorities\u2019 actions. However, if the special valuation provision is applied, then the online gaming platform would pay GST on this INR 200.<\/p>\n
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First of all, if a single payout amount exceeds INR Rs. 10,000, the tax amount must be deducted at source. Per this provision, the winning amount attracts a tax at a flat kabook777<\/a> rate of 30% excluding cess. Is it taxed like regular income or does it fall under a separate tax bracket? As with all activities that have an element of income-earning potential, the inevitable questions of taxation arise. With this decision, the ongoing debate over lottery taxation has reached a decisive legal conclusion, preventing further legislative attempts to impose central taxes on lottery-related activities. Additionally, the ruling highlights the importance of maintaining federal balance in taxation policies, ensuring that constitutional boundaries are upheld.<\/p>\n\n