Puneet developed and launched an online gaming app "GameZ", on 20.03.2024 to start the business of online gaming w.e.f. 01.04.2024 and registered under GST voluntarily on 20.03.2024. He received initial deposits of ₹500

Answer 3(c) Notification No. 66/2017 CT dated 15.11.2017 was earlier issued to exempt all registered persons from the requirement of payment of tax at the time of receipt of advances in the case of supply of goods and provides for payment of tax in such cases at the time of supply as specified in section 12(2)(a). Now as per the Notification No. 50/2023 CT dated 29.09.2023, w.e.f. 01.10.2023, above said notification has been amended to exclude registered persons making supply of specified actionable claims from the said exemption, so that in case of specified actionable claims, the tax should be paid at the time of receipt of payment for such supplies by the suppliers. Conclusion: Thus, as per the aforesaid amendment to the earlier notification, Mr. Puneet will be liable to pay tax on this initial amount of ₹10000 as deposited, when filing return of supply for the month of March, 2024.