Now Reading: DGGI issues Rs 40,603 crore GST notices to Mahadev app kingpins
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DGGI issues Rs 40,603 crore GST notices to Mahadev app kingpins
The Directorate General of GST Intelligence (DGGI), Raipur Zonal Unit, has issued show-cause notices demanding over Rs 40,603 crore in unpaid GST from the Mahadev Online Book betting network. The probe found…
The Directorate General of GST Intelligence (DGGI), Raipur Zonal Unit, has issued show-cause notices demanding over Rs 40,603 crore in unpaid GST from the Mahadev Online Book betting network. The probe found the syndicate generated taxable value of about Rs 1.45 lakh crore between April 2020 and March 2024. Notices were sent to 97 individuals, including promoters Saurabh Chandrakar and Ravi Uppal.
DGGI found Mahadev Book operated dozens of betting portals via roughly 2,000 panel operators, with estimated cumulative daily turnover of Rs 99 crore. About 80% of profits went to Chandrakar and Uppal. Both promoters fled to the UAE, Indian agencies are pursuing their extradition after Red Corner Notices were issued. The tax demand covers Rs 35,517 crore for 2020-2023 and Rs 5,086 crore for 2023-2024.
Indian Opinion Analysis
This is the largest GST demand ever on a single betting syndicate, dwarfing earlier DGGI actions. The 28% GST on real-money gaming was clarified by the Supreme Court, but Mahadev Book never registered. The key question is recovery: with promoters in the UAE and assets moved through shell companies into stocks, crypto and real estate, DGGI will rely on the ED's 2022 money-laundering case and the CBI probe to attach proceeds. Extradition talks with the UAE will decide if Chandrakar and Uppal face trial in India. The DGGI's next step is adjudication of the notices, which could lead to attachment orders within months.
Source: newindianexpress.com
This brief was synthesised by AI from the source linked above.
