GST Policy
GST Policy
From when will GST start getting charged?
All players deposit shall be subject to GST at the rate of 28% to the government on every deposit (Add Cash) from 1st October 2023 onwards. This is applicable for all players on online money gaming apps.
Who is charging this GST?
The government is charging GST at the rate of 28% on every deposit (Add Cash). Goldwin plays no role in taxes applied by the government.
How do I deposit the GST amount to the goverment?
During deposit (Add Cash), the platform will automatically calculate the GST amount. This amount will be submitted paid to the government. As a proof, a GST invoice will be generated and provided to all players. This will be visible and can be downloaded from the Add Cash success screen and the Wallet section
Do I need to pay GST on every Add Cash?
Yes. As per the new GST laws published by the government, GST at the rate of 28% will be charged on every Add Cash (deposit) made by the player. If your objective is to play more games, then you have the option of claiming Superboost offers. With Superboost offers, you will get Discount Credits. There is no GST applicable on Superboost offers or on Discount Credits. Using Discount Credits, you will be able to play games at a discounted buy in and this will allow you to play more number of games for the same amount of Add Cash.
What offers are available on Add Cash on Goldwin?
Goldwin will be running offers through which players can get Discount Credits during Add Cash. Eligible players can also get Tournament Tickets after completing Add Cash. Please note that these offers will not be running all the time for all players. If you wish to continue getting Discount Credits on Add Cash, you must use Superboost offers.
Why am I not getting GameCash offer during Add Cash?
From 1 October 2023 onwards, GameCash will no longer be available on Goldwin. All existing GameCash in your account will be converted to the new Discount Credits. With GameCash, you used to get a 10% discount on the buy-in amount of your game. With Discount Credits, you can get upto 100% discounted buy-in. Furthermore, Discount Credits expire only when you don’t play any cash game for a period of 30 or more days. All offers on Goldwin will now give out Discount Credits instead of GameCash.
In case I request for a refund of my deposited value, will my GST amount also get refunded?
As per the GST Law, once the GST gets paid to the government during deposit, it will not be refunded back to you. However, the balance amount (excluding GST) will be returned to the account from where you made the payment.
What will be the proof of GST submitted to government by Goldwin?
During deposit (Add Cash), the platform will automatically calculate the GST amount. This amount will be paid to the government. As a proof, a GST invoice will be generated and provided to all players. This will be visible and can be downloaded from the Add Cash success screen and the Wallet section.
How do I get GameCash?
From 1 October 2023 onwards, GameCash will no longer be available on Goldwin. All existing GameCash in your account will be converted to the new Discount Credits. With GameCash, you used to get a 10% discount on the buy-in amount of your game. With Discount Credits, you can get upto 100% discounted game buy-in. Furthermore, Discount Credits expire only when you don’t play any cash game for a period of 30 or more days. All offers on Goldwin will now give out Discount Credits instead of GameCash.
What will happen to the existing GameCash in my account?
We have gone ahead and converted all your active GameCash to Discount Credits. This is going to benefit you even more because with Discount Credits, you can now enter any cash game with upto a 100% discounted game buy-in.