Delta Corp Gets Partial Relief in Retrospective GST Demand Battle
India’s political and corporate worlds are in the spotlight as recent scandals raise questions about ethics, transparency, and taxation.
The Election Commission of India has blown the lid off a massive political funding scheme. ‘Lottery King’ Santiago Martin has emerged as a significant donor to the DMK party, buying an astoundingRs.1,368 Crores in electoral bonds since 2019. This shocking figure represents 11% of all bonds sold in India during that period. Martin’s company, Future Gaming and Hotel Services PR, has funneled 37% of its donations to the DMK. Martin’s ties to the party through family and political connections are now facing scrutiny, fueling the debate over the ethics of India’s political funding system.
In a separate but equally significant development, the Bombay High Court has partially sided with Delta Corp Limited in a massiveRs.17,000 Crore GST dispute. The court has ordered the release of the investigation report that led to this huge tax claim but denied other requests for internal GST files. At the heart of this battle is the retrospective application of a 28% GST on the face value of casino bets since 2017 – a move fiercely contested by Delta Corp. The court’s ruling to release the investigation report provides Delta Corp a potential boost in contesting the tax notice.
