The Nagaland Goods and Services Tax (Eight Amendment) Act, 2024, updates the state's tax framework to specifically regulate the online gaming and betting industry. It introduces clear definitions for "online gaming," "online money gaming," and "specified actionable claims," ensuring these activities are brought under the tax net. The Act mandates that platforms organizing these activities—whether based in India or abroad—are treated as suppliers liable for tax. For the ordinary citizen, this ensures that money deposited into gaming or betting platforms is subject to GST, clarifying the tax obligations of both the platforms and the participants involved in these digital transactions.
Official Legislative Text
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