India’s Delta Corp served with ₹17.52bn GST demand over alleged tax shortfall

The tax authority calculated the demand using estimated gross bet value of casino games rather than gross revenue.

India.- Delta Corp Limited and its subsidiary, Highstreet Cruises and Entertainment, have been served with tax notices by the Goa government over alleged underpayment of goods and services tax (GST) for the 2022–23 financial year. The notices from the Office of the Commissioner of Commercial Taxes reportedly demand f ₹17,52,38,53,312 (US$187.97m) in GST, interest and penalties.

Delta Corp was asked to pay ₹13,50,25,82,872 (US$145m) and its subsidiary ₹4,02,12,70,440 (US$43.2m). In its response, Delta Corp said the tax authority had calculated the demand using the estimated gross bet value of casino games rather than gross revenue. It noted that prior demands covering the period July 2017 to March 2022 remain suspended following a Supreme Court order.

The company vowed to contest the latest demands, describing as arbitrary and contrary to law. The development comes amid financial pressure following weaker financial results in 2025. Revenue declined 14 per cent year-on-year to ₹160 crore (US$17.2m), while net profit fell 61 per cent to ₹14 crore (US$1.50m). Operating profit declined from ₹49 crore (US$5.26m) in 2024 to ₹22 crore (US$2.36m).

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The tax authority calculated the demand using estimated gross bet value of casino games rather than gross revenue. India.- Delta Corp Limited and its subsidiary, Highstreet Cruises and Entertainment, have been served with tax notices by the Goa government over alleged underpayment of goods and services tax (GST) for the 2022–23 financial year. The notices…