GST Policy

• The Finance Ministry has notified Oct 1 as the appointed date for the amended Central and Integrated GST laws for implementation of 28% GST on Online gaming sites.
• According to the government rules, we have implemented this rule on our platform wherein the GST will only be deducted at the time of adding cash to your account. GST will not be deducted from the entry fee of the tables.
• The cash amount you add in your account would include the 28% GST
• For example:
  • You Deposit an amount of Rs. 100
  • As per rules, a 28% GST amount of Rs. 21.88 would be deducted and the amount credited to your main balance would be Rs. 78.12
  • However, we will give a 100% Cashback of the GST Deduction of Rs. 21.88 back to your account as cash bonus. In that way, you will receive the full amount of what you’ve deposited (Rs. 78.12 main balance + Rs. 21.88 Cash Bonus)

TDS Policy

• As Per new tax laws according to the financial bill passed by the government of India, Deccan Rummy will deduct 30% tax at our user’s positive net Winnings during the financial year. Other than this, if there is pending tax liability at the end of the year, then the TDS amount will be deducted from the player’s account
• These deductions will happen under two conditions: Whenever the user places withdrawal of any amount and or at the end of the financial year.TDS will be deducted at the positive net winnings remaining in the account excluding the amount for which TDS has been previously deducted
• The remaining amount after TDS deductions will be carried forward to the next year.
• In the event of net winnings becoming negative, the user will receive the previously deducted TDS to redeemable status based on his/her net winnings (Check Myaccount->TDS)
• User can also claim a refund while filing his annual income tax return for the TDS deducted based on his income slab. Users are eligible for withdrawal only after PAN verification and only when the applicable TDS on net winnings are deducted from the amounts withdrawn. We have the rights to verify PAN details from time to time. In the event of inaccurate details or if we encounter any discrepancy while verification, you will not be able to withdraw the amount.
• For inaccurate or unverifiable PAN details, we will deduct the TDS on positive winnings at the end of financial year, and pay on a nameless basis. During such instances, such users will not even be able to get a refund while filing their tax returns, and Deccan Rummy cannot be held liable for such situations, as you are at fault for providing inaccurate PAN details
• TDS deducted are subjected to change by the government of India. The amount deducted is exclusive of surcharge and cess may be applied. We will acknowledge the deduction by providing a certificate of taxes deducted. TDS rate as well as its applicability changes from time to time.
• Please note that our TDS policy is based on our understanding of Finance Bill, 2023. We reserve the right to modify or amend the TDS policy in regulation with the government anytime. We also reserve the right to make changes to our TDS policy without having to inform the users.

What are Net Winnings?

Net Winnings is the difference between the money accumulated by the player and his/her deposits. For example, if a player has played 20 games by depositing ₹2000 and has accumulated ₹5000 then the net winnings is the difference in amount which is ₹3000

Sample Scenarios

1. If the user has positive winnings then 30% TDS will be deducted on the net winnings
• Main Balance – ₹ 2000
• Net winning amount – ₹ 1000
• If you wish to withdraw ₹ 2000, then
• TDS applicable on winnings at 30% (of ₹ 1000) - ₹ 300
• Amount credited to your account – ₹ 1700
2. If you have paid TDS on your winnings already but the net winnings have reduced, in that case, the deducted TDS will be moved to redeemable status based on the negative winnings.
   
   Assuming you have deposited ₹ 1000 and won ₹ 2000, and then your net winning is ₹ 2000, if you are attempting to withdraw ₹ 3000 then a TDS of ₹ 600 will be charged then you will receive ₹ 2400 in hand. However if you have deposited ₹ 1000 subsequently and lost it, then you will receive the deducted TDS based on 30% of your negative winnings. In the above scenario, player will receive ₹ 300 from the already deducted TDS amount of ₹ 600, to your account as a redeemable TDS.