GST policy

Starting from 1st October, 2023, according to the newly amended GST laws, a 28% GST will be applicable on all your cash deposits.

How will it impact you?

  • Your deposit amount on Magic Land will not undergo any deductions.
  • Magic Land will cover the 28% GST on your behalf.
  • ensuring your entire deposit is added to your Deposit Amount balance.

How does it work?

For Example, if you deposit ₹100 on Magic Land

Player Amount
Total add cash amount ₹100
Total deposit amount ₹78.12
GST applicable + ₹21.88 (28% GST on your deposits will be paid to the govt. by MagicLand)
Total amount added to your account ₹100

FAQs

"No GST deductions will be made from your deposit amount. Magic Land has chosen to shoulder the burden of GST for our players, so we will cover the GST on your behalf."

"Please note that a 28% GST applies to each deposit you make."

Under the newly amended GST law, GST is only applicable to your deposits. You can withdraw your winnings without any deductions.

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