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