Delta Corp gets intimation alleging tax liability of Rs 11,139 crore GST

economictimes.indiatimes.com:

Delta Corp has been issued an intimation by the Directorate General of GST Intelligence, Hyderabad alleging tax liability of Rs 11,139 crore along with interest and penalty for the period from July 2017 to March 2022. If the dues remain unpaid it will be served with a show-cause notice, the company said in a stock exchange filing on Friday.

«The amount claimed in the DG Notice is inter alia based on the gross bet value of all games played at the casinos during the relevant period. Demand of GST on gross bet value, rather than gross gaming revenue, has been an industry issue and various representations have already been made to the Government at an industry level in relation to this issue,» the company said.

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Delta Corp has been advised that the DG Notice and the tax demand are arbitrary and contrary to law. «The company will pursue all legal remedies available to it to challenge such tax demand and related proceedings,» it said.

(More to come)