Making sense of the GST claim on Delta Corp

The immediate reaction of many to the seemingly absurd GST demand of nearly Rs 17,000 crore on Delta Corp, the casino, online gaming and cruise ship operator, was disbelief and astonishment. It just seemed absurd that a company of Delta Corp’s size could be asked to cough up this kind of money in taxes. We’ll try and make some sense of these numbers, but first, let’s look at the…