Sikkim High Court Allows Interim Stay On US$76 Million Tax Demand Against Delta Corp

Best online casino USA

Delta Corp, India’s only listed hospitality and gaming firm that owns and manages hotels and casinos, stated that Sikkim High Court had given it an interim stay on a GST demand notice received from the Directorate General of GST Intelligence, Hyderabad, when it comes to paying Rs 628 crore, which is $75.5 million US dollars, in back taxes supposedly owed for the work of the Deltin Denzong Casino, located outside Sikkim, according to a filling that took place on October 22.

GST demand notice as just one of the similar back tax demands:

The exact words mentioned by the said firm during the filling are according to the Inside Asian Gaming: “Pursuant to a writ petition filed by the Company before the Honorable High Court of Sikkim challenging the above demand, the Honorable 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.” 

Best online casino USA

However, the GST demand notice mentioned above is only one in a sea of corresponding demands from many different government agencies, the final amount of which is over Rs 23,200 crore, which is approximately US$2.8 billion. To put it simply, the overall market capitalization of the firm is nearly US$420 million at the moment.

Furthermore, among the above mentioned corresponding demands, on October 11, it received notices of supposed shortage in GST payments for the time frame July 1, 2017 to March 31, 2022 of Rs 16,823 crore, which is roughly $2.02 billion US dollars. In addition, exactly 3 days later, one more demand was received from the Directorate General of GST Intelligence, Kolkata, which was associated with the payment of Rs 6,384, which is approximately US$768 million.

  Meet Majestic Dragons In Pragmatic Play And Reel Kingdom’s New Slot: 8 Golden Dragon Challenge

Reason for sizable demands:

The primary reason behind the issued demands and claims is according to Delta Corp: “They are based on the gross bet value of all games played at the casinos during the relevant period, not dissimilar to recent moves by India’s GST Council to slap a 28% tax on gaming deposits for operators nationwide. “

Relatedly, it added: “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 has been legally advised that the DG Notice and the tax demand is arbitrary and contrary to law, and the Company will pursue all legal remedies available to it to challenge such tax demand and related proceedings.”

An online casino in the USA is a virtual platform that allows individuals to engage in various casino games over the internet. These games often mimic the experience of traditional brick-and-mortar casinos, offering a range of options such as slots, table games, card games, and more. Players can access these online casinos from the comfort of their homes using computers, smartphones, or other devices with an internet connection.

When choosing an online casino in the USA, players should consider factors such as licensing, security, game variety, payment options, and customer support. Reputable online casinos are licensed and regulated by recognized authorities, employ secure encryption methods to protect user data, and offer a fair and transparent gaming experience.

As the online gambling landscape can change, it's advisable to check the current legal status of online gambling in your state and review the specific terms and conditions of any online casino you are considering. Additionally, practicing responsible gambling is essential to ensure a safe and enjoyable experience.

  RWA Enforces Pre-Verification Measure For Online Gambling As Of September 29, 2023

Leave a Reply

Back to top