Delta Corp shares rise nearly 5% amid likely relief at GST Council meeting
Casino operator Delta Corp Ltd shares rose nearly 5 percent on September 6 over likely relief at GST Council meeting on September 9.
The Goods and Services Tax (GST) Council is set to meet in Delhi on September 9 to discuss the implementation of the newly introduced Section 11A in the GST Act, 2017, Moneycontrol reported on September 6.
The meeting will focus on interpreting the amendment of the section in a bid to grant relief to demand for retrospective tax. It will have implications for the real-money gaming (RMG) — online games where players can wager and win real money — industry and other sectors, an official said.
Delta Corp owns Adda52, which offers online games like poker and rummy.
At 11:55 am on September 6, Delta Corp's shares were trading 4.6 percent higher at Rs 137.52 apiece.
