THE DIRECTORATE GENERAL of GST Intelligence on Friday slapped a demand of 11,139.6 crore on e-gaming company Delta Corp, for alleged underpayment of the Goods and Service Tax (GST) for the period between July 2017 and March 2022.
The amount demanded includes interest and penalty, the company informed the stock exchange during the day, adding that it "will pursue all legal remedies available" to challenge such tax demand, which it is told is "arbitrary and contrary to law".
This is believed to be the second-highest tax demand on an e-gaming company by the GST department after it asked Bengaluru-based online gaming firm Gameskraft to cough up 21,000 crore in September 2022. The matter is now before the Supreme Court, which on September 11 stayed the Karnataka High Court's May 2023 judgment that quashed the tax notice.
The tax demand on Delta Corp indicates that the government is sticking to its stance that GST at 28% was always applicable to online gaming and casinos, at the full bet value/actionable claims.
The GST Council on August 2 decided that 28% tax shall apply on the full face value of bets, without any distinction between games of skill or chance.
Bu hikaye Financial Express Mumbai dergisinin September 23, 2023 sayısından alınmıştır.
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Bu hikaye Financial Express Mumbai dergisinin September 23, 2023 sayısından alınmıştır.
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