Directorate General of Good and Services Tax (GST) Intelligence has booked two Goa-based Delta group companies -- M/S Delta Corp and Highstreet Cruises & Entertainment -- for alleged GST evasion of Rs 6,189 crore.
The government alleged the group companies evaded GST by camouflaging a mixed supply of services connected to their casinos. The companies paid GST by artificially splitting the value of a single package. The government is in talks with the company to recover evaded GST, sources familiar with the matter told CNBC-TV18.
Delta Corp share price declined as much as 13.45 percent to Rs 185.10 per share intraday on the NSE.