HC grants interim relief to Delta Corp Unit on Rs 6,384 Crore GST Notice:

HC grants interim relief to Delta Corp Unit on Rs 6,384 Crore GST Notice The Calcutta High Court decided to grant temporary relief to a Delta Corp. company in a case involving the payment of the shortfall in Goods and Services Tax (GST) of Rs. 6,384 crore. Due to an exchange filing on Wednesday, the court directed that the tax official's order regarding the show-cause notice not take effect. Deltatech Gaming Ltd. received an intimation from the Directorate General of GST Intelligence (DGGI) in Kolkata in October to pay the shortfall in tax. The alleged tax shortfall of Rs. 6,236 crore spanned the period from January 2018 to November 2022, while an additional Rs. 147 crore was alleged to have occurred between July 2017 and October 2022. The company stated that it would employ all legal means at its disposal to contest such tax demands and related procedures. The company received a demand notice for more than Rs. 16,000 crore in Goods and Services Tax (GST) in September. Delta Corp., on the other hand, stated that the amount claimed in its notice is "based on the gross bet value of all games performed at the casinos throughout that specific period." The Bombay High Court granted temporary relief in late October with respect to the Rs. 16,000 crore tax notice. The entire tax demand for the company exceeds Rs. 22,300 crore, while the company's market capitalisation on the BSE is Rs. 3,720.68 crore. Delta Corp. closed 0.54% lower at Rs. 138.90 per share, while the Nifty 50 advanced 0.38%.