Delta Corp: Supreme Court Order Favourable on GST Notices
Delta Corp GST Notices: Supreme Court Pronounces Order
Delta Corp Ltd announced that the Supreme Court has pronounced its order on the GST show cause notices issued to the company. The court ruled that GST should be levied on chips sold, not on gross bet value. This is seen as a favourable outcome for Delta Corp.
Details of the Order
The Supreme Court held that GST applies to the sale of gaming chips, not on the total bet amount. This eliminates the risk of taxation on gross betting value. Delta Corp stated that the order is favourable for the company.
Impacted Symbols
Symbols affected by this headline and their sentiment signals
The news, analyses, and comments on this platform do not constitute investment advice. When making investment decisions, you should conduct your own research and consult with a qualified financial advisor if necessary. FiNews cannot be held responsible for any losses that may arise from the use of this information.
More Headlines
Tokyo Core Inflation Slows, Remains Below BOJ Target
Tokyo Core Inflation Slows, Remains Below BOJ Target
…Nikkei May Rise on Hopes for U.S.-Iran Peace Deal
Nikkei May Rise on Hopes for U.S.-Iran Peace Deal
…Australian Pension Fund HUB24 Faces Regulatory Scrutiny
Australian Pension Fund HUB24 Faces Regulatory Scrutiny
…