iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Delta Corp’s GST liability increases to Rs 17,000 crore, after second intimation

25 Sep 2023 , 09:30 AM

Delta Corp informed the bourses on September 22 that it has received notification from the Directorate General of GST Intelligence, Hyderabad, for payment of shortfall tax under GST, as well as interest and penalty, for the period from July 2017 to March 2022.

The first notice, for Rs 11,140 crore, was issued straight to Delta Corp. The other notice was issued for Rs 5,682 crore against three of its companies, Casino Deltin Denzong, Highstreet Cruises, and Delta Pleasure Cruises, bringing the total obligation to Rs 16,822 crore.

‘The amount claimed in the DG Notice is based on the gross bet value of all games played at the casinos during the relevant period, among other things. The business stated that ‘demanding 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 about this issue.’

Delta Corp further stated that it has been instructed by legal counsel that the DG Notice and the tax demand are arbitrary and contrary to law and that the company will seek all legal options available to it to contest such tax demand and related processes.

For feedback and suggestions, write to us at editorial@iifl.com

explored-media

Related Tags

  • Delta Corp
  • Delta Corp GST
  • Delta Corp GST Liability
  • Delta Corp News
  • Delta Corp Updates
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.