Delta Corp was granted interim relief on a US$766m tax demand.<\/p>\n\n\n\n\n\n\n\n
India.- The High Court of Calcutta<\/strong> has granted Delta Corp<\/strong> interim relief relation on a demand for payment of a Goods and Services Tax (GST)<\/strong> shortfall. The firms stocks started higher in the trading session on the BSE on Thursday.<\/p>\n\n\n\n On Wednesday, Delta Corp said the High Court of Calcutta had granted interim relief to its subsidiary, Deltatech Gaming, which directed that \u201cno effect shall be given to any order passed by the Tax Authority in relation to the show cause notice for the above demand without the leave of the Hon\u2019ble High Court.\u201d<\/p>\n\n\n\n The Directorate General of GST Intelligence<\/strong>, Kolkata had issued the demand for payment of Rs 6,384 crore (US$766m) in October.<\/p>\n\n\n\n Today, the share price Delta Corp Ltd stock was up 2.05 per cent at Rs 141.80 per share.<\/p>\n","protected":false},"excerpt":{"rendered":" Delta Corp was granted interim relief on a US$766m tax demand.<\/p>\n","protected":false},"author":226,"featured_media":14757,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Delta Corp has secured interim relief from the Calcutta High Court concerning a US$766 million Goods and Services Tax (GST) demand. This judicial directive prevents the tax authority from enforcing any order related to the show cause notice without the High Court's explicit permission, leading to a positive movement in the firm's stock price. This development provides crucial temporary respite for the iGaming and casino operator amidst significant regulatory scrutiny.","focusai_entities":"Delta Corp, Deltatech Gaming, High Court of Calcutta, Directorate General of GST Intelligence","focusai_location":"India, Kolkata","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), compliance_legal (0.98), operator_casino (0.9), investor_analyst (0.98), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"What are the next steps?","query":"What are the potential next legal steps for Delta Corp and the Directorate General of GST Intelligence following this interim relief, and what is the estimated timeline for a final resolution of the US$766 million GST demand?"},{"label":"Broader industry implications?","query":"How might this interim ruling by the Calcutta High Court influence the ongoing GST assessments and regulatory compliance strategies for other iGaming and casino operators in the Indian market?"}],"footnotes":""},"categories":[157,16334],"tags":[23890],"class_list":["post-777011730","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-asia-news","tag-delta-corp"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777011730"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011730\/revisions"}],"predecessor-version":[{"id":777011734,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011730\/revisions\/777011734"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/14757"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777011730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777011730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777011730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}