The government of Goa is going to amend the local Goods and Services Tax Act to clarify the taxability of various forms of gambling.
The regional cabinet decided to repeal the currently active Goa Goods and Services Tax (Amendment) Ordinance of 2023 and in its place pass a bill of similar name, namely the Goa Goods and Services Tax (Amendment) Act of 2024.
The currently valid law is an amendment to the original 2017 GST Act and only came into force in October of last year. The new bill will clarify how gambling activities – including horse racing, casino and betting – are taxed.
It will also include a transitory provision to clarify that taxing these activities would not prejudice any of the state laws that regulate, restrict or even prohibit them. Also included will be definitions for the terms “online gaming”, “online money gaming”, “specified actionable claim” and “virtual digital asset”.
On top of that, it incorporates a provision in the definition of “supplier” to increase clarity concerning the supply of a “specified actionable claim.”
Additionally, the bill establishes the mandatory registration for individuals supplying online gaming money from a location outside India to a recipient within India. The bill is slated for introduction during the upcoming budget session of the assembly.
