RK Ludo

×

Hey, 👋

Profile
☰

RK Ludo GST Policy

  1. Home
  2. GST Policy

Effective from 1st October 2023, a new 28% Goods and Services Tax (GST) is applicable on all deposits made on the RK Ludo platform. This is in accordance with the latest government regulations for online gaming.

How the New GST Regime Works

When a player deposits money, the GST will be levied on the deposit amount. We will absorb this tax for you and credit the full deposited amount to your deposit wallet, while simultaneously crediting the exact GST amount into your bonus wallet.

Example: If you deposit Rs. 100, the deposit amount will be considered as Rs. 78.13, and the 28% GST will be calculated on this base amount, which is Rs. 21.88. Your transaction will be for the full Rs. 100, but your deposit wallet will be credited with Rs. 78.13. However, to ensure you get the full value, the GST amount of Rs. 21.88 will be credited to your Bonus Wallet for you to use in games.

Example Breakdown

Your Deposit: ₹100.00
Amount added to Deposit Wallet ₹78.13
28% GST - ₹21.88
Total Deposit ₹78.13
Amount credited to Bonus Wallet ₹21.88
Total Value Received ₹100.00

You can view a detailed breakdown of your deposits and the GST paid in the 'View Transactions' section of your RK Ludo application. We are committed to transparency and ensuring a smooth gaming experience while complying with all government regulations.

For any further questions, please feel free to reach out to our support team.