GST Policy - Friend Ludo | Government Tax & Deposit Guidelines

Welcome to our GST Policy page. As a responsible business, we are fully committed to complying with all Goods and Services Tax (GST) regulations applicable to our operations on Friend Ludo (https://friendludo.in). Below is a brief overview of our GST-related policies:

28% Government Tax (GST) on Deposits

As per government regulations, a 28% GST is applicable on game deposits. Let's understand the GST regime with an example:

If a player deposits Rs. 100 to play a game, there will be an inclusive 28% GST levied on the deposit amount. The breakdown works as follows:

User transaction amount: Rs. 100 (Rs. 78.13 net deposit + 28% GST of Rs. 21.88).
Wallet settlement: Rs. 100 will be credited to the user’s deposit wallet.
Tax accounting: Rs. 21.88 will be accounted for as GST paid, and the exact GST amount will be credited to the user's bonus wallet.
Transparency: The details of GST paid by the user can be viewed anytime in the View Transactions section on the application.

GST Registration

We are fully registered under GST, and all applicable taxes are charged on our services and products as per the latest government tax guidelines.

GST on Transactions

All platform transactions are subject to applicable GST rates. The tax is factored into the total checkout or processing amount. For more information, you may refer to the official tax rate schedules.

Tax Invoices

We provide GST-compliant invoices for all valid payments made on our platform. These invoices include all necessary details, such as the exact GST amount, for your personal record-keeping and tax filing requirements.

GST Refunds

In the rare event of any overpayment of GST, refunds will be processed smoothly and strictly in accordance with applicable government regulations.