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TMI BlogPunjab Goods and Services Tax (Second Amendment) Rules, 2024.X X X X Extracts X X X X X X X X Extracts X X X X ..... s, 2023, is pleased to make the following rules further to amend the Punjab Goods and Services Tax Rules, 2017, namely:- 1. Short title and commencement. - (1) These rules may be called the Punjab Goods and Services Tax (Second Amendment) Rules, 2024. (2) Save as otherwise provided in these rules, they shall come into force on the 1st day of October, 2023. 2. In the Punjab Goods and Services Tax Rules, 2017 (hereinafter referred to as the said rules), in rule 8, for sub-rule (1), the following sub-rule shall be substituted, namely:- "(1) Every person who is liable to be registered under sub-section (1) of section 25 and every person seeking registration under sub-section (3) of section 25 (hereafter in this Chapter referred to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rted, namely:- "31B. Value of supply in case of online gaming including online money gaming.- 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's worth, including virtual digital assets, by or on behalf of the player: 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. 31C. Value of supply ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... submission of return by persons providing online information and data base access or retrieval services and by persons supplying online money gaming from a place outside India to a person in India.- Every registered person either providing online money gaming from a place outside India to a person in India, or providing online information and data base access or retrieval services from a place outside India to a non-taxable online recipient referred to in section 14 of the Integrated Goods and Services TaxAct, 2017 (13 of 2017) or to a registered person other than a non-taxable online recipient, shall file return in FORM GSTR-5A on or before the twentieth day of the month succeeding the calendar month or part thereof." 7. In the said ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and database access or retrieval services are provided: 1. 2. 3." (b) for serial number 7 and the entries relating thereto, the following serial number and entries shall be substituted, namely: "7 Declaration I hereby solemnly affirm and declare that the information given herein above is true and correct to the best of my knowledge and belief and nothing has been concealed therefrom. I, ........................................ hereby declare that I am authorised to sign on behalf of the Registrant. I would charge and collect tax liable from the non-taxable online recipient located in taxable territory(in case of online information and database access or retrieval services) and/or from the recipient located in taxable terr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly (State/UT) Rate of tax Taxable value Integrated tax Cess 1 2 3 4 5 6 5B. Taxable outward supplies of online information and database access or retrieval services made to registered persons in India, other than non-taxable online recipient, on which tax is to be paid by the said registered persons on reverse charge basis (Amount in Rupees) GSTIN Taxable Value 1 2 5C. Amendments to the taxable outward supplies of online information and database access or retrieval services made to registered persons in India, other than non-taxable online recipient, on which tax is to be paid by the said registered persons on reverse charge basis (Amount in Rupees) Month Original GSTIN Revised GSTIN Taxable value 1 2 3 4 5D. Supp ..... X X X X Extracts X X X X X X X X Extracts X X X X
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