The Directorate General of GST Intelligence, Hyderabad on September 22 issued three demand notices against the company including a demand of over Rs 628 crore for the shortfall of tax paid by Delta Corp Limited in relation to Casino Deltin Denzong based out of Sikkim.
“Pursuant to a writ petition filed by the Company before the Hon’ble High Court of Sikkim challenging the above demand, the Hon’ble High Court has by its order dated 20th October 2023 ordered status quo to be maintained in respect of the demand until the date of next hearing,” Delta Corp said in the filing.
Besides casinos, Delta Corp through its online gaming subsidiary Deltatech Gaming runs online real money games like poker, rummy, cricket etc.
In its financial performance note on October 11, Deta Corp mentioned that the company and its two subsidiary companies have received show cause notices for alleged short payment of Goods and Service Tax (GST) aggregating Rs 16,822.98 crores for the period from July 1, 2017, to March 31, 2022.
The company on October 14 updated stock exchanges that its subsidiary Deltatech Gaming Limited has received intimation from the Directorate General of GST Intelligence, Kolkata for payment of Rs 6,236.81 crore for the shortfall in taxes for the period between January 2018 and November 2022 and Rs 147.51 crore for period between July 2017 to October 2022. The recent notice takes the total GST demand against the company to over Rs 23,200 crore.
Delta Corp during the second quarter ended September 30, 2023, has posted a 1.7 per cent increase in its consolidated net profit to about Rs 7 crore and about 3.4 per cent increase in income from operations at Rs 283 crore.
For all the latest Entertainment News Click Here
For the latest news and updates, follow us on Google News.
