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Investigators said it has emerged that Mahadev Online Book was set up more like a cooperative society controlled by 6-7 men | Mumbai news
The Enforcement Directorate has filed a supplementary chargesheet in the Mahadev app betting case, adding five accused and pegging the estimate worth of the scam at Rs 6,000 crore. The 1,800-page document is accompanied by four hard disks. The special Prevention of Money Laundering Act (PMLA) court is expected to take cognisance of the charge sheet on January 10.
Most of these apps are now trying to win over customers, advertising that bets placed on their platforms would not face any GST, people in the know told ET.
Offshore entities of Indian real money gaming apps are trying to lure customers with social media ads, promising their bets wont be taxed under the 28% slab of the Goods and Services tax (GST). This and more in todays ETtech Morning Dispatch.
India-based real money gaming (RMG) applications are challenging a tax demand of over ₹1.5 lakh crore from the Directorate General of GST Intelligence (DGGI). Meanwhile, offshore RMG apps are actively advertising that they do not attract GST, taking advantage of the 28% GST imposed on RMG apps in India from October 1.