Delta Corp Says Rs 23,200 Crore-GST Demand Arbitrary Online gaming firm Delta Corp said the GST demand worth over Rs 23,200 crore is arbitrary and contrary to provisions of law and hence it has not made any provisions towards the same.

The company, which is also a casino operator, reported a 59% year-on-year decline in its consolidated net profit for the quarter ended December 2023 at Rs 34.48 crore. The income from operations stood at Rs 181.54 crore, 18% lower than the year-ago period.

In a footnote alongside its Q3FY24 numbers, Delta Corp said that on September 27, 2023, the holding company and its two subsidiary companies received show cause notices from the Directorate General of GST Intelligence (DGGI), Hyderabad,

for alleged short payment of Goods and Services Tax (GST) aggregating to Rs 16,822.9 crore for the period July 1, 2017, to March 31, 2022.On Oct. 28, 2023, another subsidiary of the company

received a GST show cause notice aggregating to Rs 6,384.32 crore for the period July 1, 2017, to November 30, 2022, from DGGI, Kolkata.

Delta Corp said the demands made by the authorities on the gross bet value/ gross face value as against gross gaming revenue/gross rake amount has been an industry issue and multiple representations have been made by the industry participants to the government in this regard.