• SENSEX
    NIFTY 50
big story

We will now begin a new journey to build a new India, says Narendra Modi

272/543
L :0
W :353
L :0
W :92
NDA :353
UPA : 92
LOK SABHA ELECTION RESULTS 2019
Total Constituencies
543
Voter Turnout
67.11%
NDA : 353
2014 : 354 Seats
BJP
303
+
SS
18
+
Other
32
UPA : 92
2014 : 66 Seats
INC
52
+
DMK
23
+
Other
17
OTH : 97
2014 : 107 Seats
TMC
22
+
YSRCP
22
+
Other
53
VIDEOS
Economy

Delta Group units booked for GST evasion of Rs 6,189 crore

Updated : May 13, 2019 01:24 PM IST

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.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV