DeltaCorp’s 20% Fall: The Impact of the Rs 11,139 Crore GST Notice
September 24, 2023
Casino Operator
/ DeltaCorp
DeltaCorp: A GST Notice of Rs 11,139 Crore DeltaCorp, India’s largest casino operator, has recently been served with a Goods and Services Tax (GST) notice amounting to a staggering Rs 11,139 crore. This development has sent shockwaves through the industry and has raised several questions about the taxation policies related to the gaming and casino sector in India. In this blog post, we delve into the details of this notice and its implications for DeltaCorp and the wider casino industry. DeltaCorp: An Overview DeltaCorp Limited, previously known as Arrow Webtex Ltd, is the only listed Indian gaming and hospitality company that owns and operates casinos and hotels. The company’s major portfolio of assets, which includes offshore casinos and hospitality services, falls under the banner of Deltin Casinos & Hotels. DeltaCorp operates in three segments: Casino Gaming, Online Skill Gaming, and Hospitality. The GST Notice ...