GST Update

GST Update

In accordance with the recent recommendation by the GST Council (Rule 31B of the CGST Rules), Players are now required to pay GST of 28% on full value of the deposits made.

Illustration of GST on Deposits

  • Calculation of GST (Goods and Services Tax) on Rs 100 paid by the user
  • Deposit Amount = Rs 78
  • GST collected = Rs 22
  • Cash Paid By User = Rs 100
  • The GST collected will be paid to the Government
  • The GST amount included in Rs 100 deposit at a rate of 28% is Rs 22 and the deposit amount will be Rs 78