Delta Corp, an Indian casino operator, has received a notice from the Directorate General of GST Intelligence, demanding payment for a tax shortfall of Rs 6,384 crore.
The notice was sent to Delta Corp's subsidiary, Deltatech Gaming, which runs gaming apps like Adda52 and Addagames.
The notice advised Deltatech Gaming to pay the alleged tax shortfall along with interest and penalty, and mentioned that the CEO and Executive Director of the company is liable for penalty.
With the new notice, Delta Corp now has a total tax shortfall liability of Rs 23,206 crore, a stark contrast to its market capitalisation of Rs 3,749 crore.
The GST council has imposed a 28 % tax on the full face value of chips purchased for playing, meaning players can bet only Rs 72 for every Rs 100 worth of chips purchased.