Delta Corp: SC order favors GST computation on chips sold

Delta Corp Limited announced that the Hon'ble Supreme Court has pronounced its order regarding show cause notices for short payment of goods and services tax. Based on initial understanding, the GST computation method adopted since October 2023, which levies tax on the amount received from players for chips sold, will be applied retrospectively from July 2017 to September 2023. This is considered a favorable outcome for the company, as it avoids GST being levied on the gross bet value of all games played, which would have significantly increased the tax payable. The company awaits the full order for a detailed review and will provide further updates if necessary.