Delta Corp shares jump 8% on interim relief from HC in ₹16,195 cr GST case
The Goa Bench of Bombay HC has directed the DG GST Intelligence, Hyderabad, to not pass final orders on ₹16,195 crore tax notice without permission from the court.
The Goa Bench of Bombay HC has directed the DG GST Intelligence, Hyderabad, to not pass final orders on ₹16,195 crore tax notice without permission from the court.
Just last month, Delta Corp had received GST notices worth ₹16,822 crore for the payment of shortfall tax
During the period under review, the company’s income from gaming operations stood at ₹283.07 crore, up 3.4%, as against ₹273.66 crore in the same period last year.
Delta Corp received notices worth ₹16,822 crore from the Directorate General of GST Intelligence for payment of shortfall tax.
The GST Council has proposed to levy 28% uniform tax on online gaming, casinos and horse racing.
Deltatech Gaming, a wholly owned subsidiary of Delta Corp, plans to raise ₹550 crore via IPO; the issue consists of fresh issue worth ₹250 crore and OFS worth ₹350 crore.
The BSE Sensex and the NSE Nifty are set to open higher on Wednesday, tracking positive global cues and firm trading at SGX Nifty.
The BSE Sensex and the NSE Nifty are expected to open lower on Tuesday as trends on SGX Nifty indicate a gap-down opening for the Indian share market.
Editor’s letter from the March 15 - June 14 special issue.