Playwin fishdom 310/6/2023 Corporate Insolvency Resolution Process Filed To ensure Playwin’s survival, Pan India Network Ltd increased the price of its lottery tickets by about 30%. Many sellers in the industry had to close down their businesses completely due to the costs incurred from the higher taxes. Several serious protests were made against the dual tax, but to no avail. Under the dual tax rate, lotteries operated by private distributors came under the highest tax bracket of 28 percent. In June of that year, the Goods and Services Tax (GST) Council ordered a dual tax rate for lottery tickets throughout the country. In 2017, the Indian lottery industry suffered a major setback. Playwin was able to continue its online operations elsewhere in India. The company’s troubles began in 2014, when the Crime Investigation Department (CID) of the Andhra Pradesh police sought a ban on the Playwin website for allegedly selling online lotteries banned in the state.
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