Let's Win GST Policy
Introduction:
Let's Win, a fantasy sports platform, is committed to complying with the Goods and Services Tax (GST) regulations in India. This policy outlines our GST compliance framework.
GST Registration:
Let's Win is registered under the GST Act, 2017, with a valid GSTIN (Goods and Services Tax Identification Number).
GST Rates:
The following GST rates apply to Let's Win's services:
- Fantasy sports gaming services: 18% GST (as per GST Council's decision)
- Advertising services: 18% GST
- Other services (e.g., data analytics, software development): 18% GST
GST Applicability:
GST is applicable on:
- Entry fees for fantasy sports contests
- Advertising revenue
- Sponsorship revenue
- Data analytics and software development services
GST Exemptions:
The following are exempt from GST:
- No GST on prize money or winnings paid to users
- No GST on services provided to users outside India (export of services)
GST Compliance:
Let's Win ensures GST compliance by:
- Charging GST on applicable services
- Issuing GST invoices to users and clients
- Filing GST returns (GSTR-1, GSTR-2, GSTR-3B) on a monthly/quarterly basis
- Maintaining GST records and accounts
GST Payment Terms:
- Payment of GST: Users and clients must pay GST along with the service fee.
- GST payment deadlines: As per GST regulations.
GST Refund Policy:
- Refunds will be processed as per GST regulations.
- GST refunds will be credited to the user's account within 7 working days.
GST Dispute Resolution:
Any GST-related disputes will be resolved through:
- Internal review and resolution
- External mediation/arbitration (if necessary)
- Adherence to GST regulations and judicial precedents
Amendments:
This GST policy may be updated to reflect changes in GST regulations or Let's Win's business operations.
Effective Date:
This GST policy is effective from [Date of Implementation].
Contact:
For GST-related queries or concerns, please contact:
contact@letswin.com
Contact.letswin@gmail.com
8849031531