6 days ago
DGGI Proposes ₹40,603 Crore GST Liability Against Mahadev Network
Tax officials are investigating a large online betting network called Mahadev Book.
They say the network handled transactions worth about ₹1.45 lakh crore.
Officials have proposed more than ₹40,603 crore in GST taxes.
The investigation covers transactions made between April 2020 and March 2024.
It looked at nearly 2,000 betting panels.
These panels allegedly received money from customers and gave them betting credits.
Investigators also examined bank accounts that may have been used to move the money.
The allegations have not been established through a final ruling in the notices.
The Directorate General of GST Intelligence issued two show-cause notices on August 26, 2026, over alleged GST violations linked to the Mahadev Book network.
Investigators estimated the network’s taxable transaction value at ₹1,45,010.77 crore and proposed more than ₹40,603 crore in GST liability.
The probe covers April 1, 2020, to March 31, 2024, and names alleged promoters Saurabh Chandrakar, Ravi Uppal and dozens of others.
Investigators examined nearly 2,000 betting panels, which allegedly handled aggregate daily deposits of about ₹99 crore.
The investigation alleges that Mahadev Book lacked GST registration, did not file returns and used third-party, benami and mule accounts to route funds.
- Who
- The Directorate General of GST Intelligence, alleged Mahadev Book promoters Saurabh Chandrakar and Ravi Uppal, panel operators, associates and other noticees.
- What
- The DGGI issued two show-cause notices proposing over ₹40,603 crore in GST liability over alleged violations linked to an online betting network.
- Where
- The notices were issued by the DGGI’s Raipur Zonal Unit in India; the alleged network operated through digital platforms and betting panels.
- When
- The notices were issued on August 26, 2026, and cover April 1, 2020, through March 31, 2024.
- Why
- The DGGI alleges that the network handled taxable transactions without obtaining GST registration, filing returns or paying the applicable tax.
Key facts
- Taxable transaction value
- ₹1,45,010.77 crore, as assessed by the DGGI
- Proposed GST liability
- More than ₹40,603 crore
- Investigation period
- April 1, 2020, to March 31, 2024
- Betting panels examined
- Nearly 2,000
- Estimated aggregate daily deposits
- About ₹99 crore
- Show-cause notices
- Two notices naming 66 and 31 noticees respectively
- Platforms examined
- Mahadev Book and other platforms including Gold365, Laser247, Play247, 11xplay, Betbook247, Silverexch, Cricketbet9 and Skyexchange
Sources
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