Delta Corp gets another GST notice, this time for Rs 6,384 cr
Delta Corp's arm Deltatech Gaming Ltd has received a goods and service tax (GST) shortfall notice worth Rs 6,384 crore from the Directorate General of GST Intelligence, Kolkata, on October 13, 2023, the company said in a stock exchange filing on Saturday.
Deltatech got a tax payment shortfall notice worth Rs 6,237 crore for the period January 2018 to November 2022 and shortfall of Rs 148 crore between July 2017 to October 2022, the statement read.
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Offering CollegeCourseWebsiteIIM KozhikodeIIMK Senior Management ProgrammeVisitIndian School of BusinessISB Chief Digital OfficerVisitIndian School of BusinessISB Leadership in AIVisitUniversity of Western AustraliaUWA Global MBAVisitOfficials have sought clearance of payment with interest and penalty failing which the company will be served with a showcause notice.
«The amounts claimed in the abovementioned notice are inter alia based on the gross bet value of all games played during the relevant period. Demand of GST on gross bet value, rather than gross rake amount, has been an industry issue and various representations have already been made to the Government at an industry level in relation to this issue,» Delta Corp said in its statement.
The notice states Deltatech Gaming's CEO is liable to pay the penalty as per the law.
«The Company and its subsidiary have been legally advised that the above notice and the tax demands are arbitrary and contrary to law, and the Company and its subsidiary will pursue all legal remedies available to them to challenge such tax demands and related proceedings,» it said.
Earlier in September, Delta Corp received a notice to pay Rs 11,140 crore in tax arrears. Delta Corp and
