Delta Corp & subsidiary receive GST notices totaling ₹1,752 Crore for FY23
Delta Corp and its subsidiary received GST notices for FY23. Delta Corp faces a demand of ₹1350.26 Crore and its subsidiary ₹402.13 Crore, totaling ₹1752.39 Crore. The notices are based on gross bet value, an industry issue. The company believes demands are arbitrary and will pursue legal remedies.
The total demand of over ₹1,752 Crore is a material amount for the company and could significantly impact its financial health and operations if not successfully challenged.
The company has received significant tax demand notices, which are adversarial in nature and could lead to substantial financial liabilities.
Delta Corp Limited and its subsidiary, Highstreet Cruises and Entertainment Private Limited, have received notices from the Commissioner of Commercial Taxes, Government of Goa, under Section 74(1) of the CGST Act, 2017 and Goa GST Act, 2017. These notices, dated March 17, 2026, pertain to the Financial Year 2022-23.
Delta Corp Limited has been issued a notice for an alleged tax shortfall of ₹1350.26 Crore (Indian Rupees One Thousand Three Hundred and Fifty Crore Twenty Five Lakh Eighty Two Thousand Eight Hundred Seventy Two), including interest and penalty. Highstreet Cruises and Entertainment Private Limited has received a notice for ₹402.13 Crore (Indian Rupees Four Hundred and Two Crore Twelve Lakh Seventy Thousand Four Hundred and Forty).
The notices allege short payment of GST, based on the estimated gross bet value of all games played at the casinos during the relevant period, rather than the gross gaming revenue. This is an ongoing industry issue for which representations have been made to the Government.
The Company and its subsidiary have been legally advised that these notices and tax demands are arbitrary and contrary to law. They intend to pursue all available legal remedies to challenge these demands. It is noteworthy that the Hon’ble Supreme Court of India has stayed further proceedings on similar earlier demands for the period from July 2017 to March 2022 until the final disposal of the petitions.
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Delta Corp Limited filed this with the NSE as a statutory disclosure, categorised under litigation updates. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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