The Mahadev illegal betting app scam involves Ability Games deal with Delta Corp for the Nepal casino business. Delta Corp faces GST notices. ED probes crime proceeds from Skyexchange and Lotus365.com, freezing ₹1,100 crore shares.
Supreme Court takes over 27 petitions on 28% GST for online gaming. The case to be heard in May, impacting companies with retrospective taxes. The show-cause notices were sent out subsequent to the government s clarification that as of October 1, 2023, all online games incorporating betting and gambling, regardless of skill or chance, would incur a 28% GST charge based on the total face value of the bets.
Taxpayers can check the veracity of any communication from DGGI/CBIC by using the ‘VERIFY CBIC-DIN’ window on the CBIC’s website. - BEWARE! Fraudsters Are Sending FAKE Summons For GST Violations, Here's How To Identify Them
The additional director general, Directorate General of GST Intelligence, had argued that MMT India wasn t a tour operator as it was providing short-term hotel accommodation service and imposed a tax liability of ₹798 crore on the company. However, the bench of Justice Dilip Gupta and member (technical) Hemambika R. Priya held that "any person who is engaged in the business of planning, scheduling, organising, arranging tours, including accommodation, would be a tour operator".
Delta Corp, an online gaming and casino firm, contested a GST demand of over Rs 23,200 crore, deeming it arbitrary and contrary to laws, hence not provisioning for it. Their Q3FY24 reported a 59% decrease in net profit at Rs 34.48 crore, with a reduced income from operations at Rs 181.54 crore. Show cause notices from tax authorities alleging GST short payments led to legal action by Delta Corp and its subsidiaries, securing stay orders from High Courts.