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Ashenfallous Technologies Private Limited
November 29, 2023
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Reviews
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GST Policy
Variants
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Deposit & Withdraw
Rummy Ares GST Policy
Rummy Ares is subject to the following GST policies:
- A GST of 18% is applied to all bets placed on the app.
- A GST of 18% is applied to all winnings withdrawn from the app.
- Players are responsible for paying GST on their winnings, even if they are below the taxable threshold.
- Rummy Ares is required to collect and remit GST to the government.
The following are some examples of how GST is applied to Rummy Ares transactions:
- A player places a bet of ₹100 on a rummy game. The GST on this bet is ₹18, so the player’s net bet is ₹82.
- A player wins ₹1,000 on a rummy game. The GST on this win is ₹180, so the player’s net winning is ₹820.
- A player withdraws ₹5,000 from their Rummy Ares account. The GST on this withdrawal is ₹900, so the player’s net withdrawal is ₹4,100.