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The Rajasthan Goods And Services Tax (Amendment) Act, 2024

The Rajasthan Goods And Services Tax (Amendment) Act, 2024

Tax20246 sections

This Act amends the Rajasthan Goods and Services Tax law to introduce clearer regulations for specific digital and gaming activities. It establishes formal definitions for online gaming, online money gaming, and "specified actionable claims" like betting, casinos, and lottery. By defining a "virtual digital asset," it aligns tax language with national income tax laws. Crucially, the legislation mandates that the organizers and operators of digital platforms facilitating these activities are treated as the suppliers of these actionable claims, ensuring tax liability attaches to the entities managing or operating the schemes rather than just the participants. This reform targets the emerging sector of online gaming and virtual assets to expand the tax net.

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  1. 1. 1. Short title and commencement.-
  2. 2. 2. Amendment of section 2, Rajasthan Act No. 9 of 2017.-
  3. 3. 3. Amendment of section 24, Rajasthan Act No. 9 of 2017.-
  4. 4. Amendment of Schedule III, Rajasthan Act No. 9 of 2017.-
  5. 5. Transitory provision.-
  6. 6. Repeal and savings.-

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