The Government of lndia has announced that starting 1st October 2023, a 28% Tax (GST) will beapplicable on all cash deposits.
What it means:
GST will only be deducted at the time of adding cash to your account.
GST will not be deducted from the entry fee or for the number of games played.
Note: The cash amount you add to your account will be inclusive of 28%
GST.
A player who deposits ₹100 will receive ₹78.12 in their account after a 28% GST deduction of ₹21.88.
HOW WILL IT IMPACT ME?
Good News! Mobrummy will give you a 100% cashback for the GST paid by you.
Let’s understand this with an example:
If you deposit ₹100, you will get the full amount of ₹100 in your account.
| PLAYER ACTION | Mobrummy |
|---|---|
 Deposit Amount
|
₹100 |
 28% GST Paid to Govt.
Included in ₹100 (28% of 78.12)
|
-₹21.88 |
 Amount Credited to Deposit Balance
|
₹78.12 |
 100% GST Cashback
|
+₹21.88 |
| Player Will Get | ₹100 |
