What is the new GST Rule?

As per the new GST rule passed by the Govt., 28% GST will apply on deposits on Online Gaming platforms from 1st Oct, 2023.

Don’t worry✋You will get guaranteed Promo Cash on all deposits! Here’s how it will work - 

Let’s say you add ₹ 1000 on My11Circle. 

Deposit Amount = ₹ 1000 ÷ 128% = ₹ 781.25

GST Amount = 28% of Deposit Amount = ₹ 218.75 (28% of ₹ 781.25)

My11Circle will give you Promo Cash = (+ ₹ 218.75) 

You can use the Promo Cash balance to enter Cash Games & Tournaments.