In a major relief to Delta Corp, Kolkata High Court has stayed the show cause notice issued to the company in connection with the Rs 6,000 crore GST demand.  " Kolkata High Court has stayed the show cause notice issued Delta Corp," Zee Business quoted sources as saying. 

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Meanwhile, shares of Delta Corp zoomed around 10 per cent intraday to trade at Rs 147.30 towards the end of the session. Last seen, the scrip held firmly in green and was trading at Rs 142.65. The scrip had closed at Rs 133.95 in the last trading session. 

 

Earlier, the Sikkim High Court had granted a stay on about Rs 628 crore GST demand order against the casino and online gaming company. 

The Directorate General of GST Intelligence, Hyderabad on September 22 issued three demand notices against the company including a demand of over Rs 628 crore for the shortfall of tax paid by Delta Corp Limited in relation to Casino Deltin Denzong based out of Sikkim.

The company on October 14 updated stock exchanges that its subsidiary Deltatech Gaming Limited has received intimation from the Directorate General of GST Intelligence, Kolkata for payment of Rs 6,236.81 crore for the shortfall in taxes for the period between January 2018 and November 2022 and Rs 147.51 crore for period between July 2017 to October 2022.

Besides casinos, Delta Corp through its online gaming subsidiary Deltatech Gaming runs online real money games like poker, rummy, cricket etc.

With PTI inputs