Pocket52 New GST Policy

The Government of India is charging 28% GST on every Add Cash (deposit) effective from 1st October 2023. Pocket52 plays no role in taxes applied by the government.

At the time of Add Cash, the platform will automatically calculate the GST amount and deposit it with the GST department. As proof, you will receive an official GST invoice from Pocket52. This invoice is provided solely for your reference and no action is required from the players.

Before defining the priority buy-ins, please note that none of the credits are locked. So you can use 100% of your credits once the high priority balance is exhausted. The priority order is as follows:

There is absolutely no deposit charge on the platform

Yes. As per the new GST law published by the government, 28% GST will be levied on every Add Cash (deposit) made by the player. However, for every add cash done you get Discount Credits (DC). Using DC, you will be able to play games at a discounted buy-in value and this will allow you to play more games without additional Add Cash.

No. GST refund/credit cannot be claimed by business owners. This is because during the KYC process, players are allowed to verify using individual PAN cards and not business PAN cards.

DC is calculated based on your current royalty level and resets every month. Visit Royalty Rewards page for more info.

Cashbacks are no longer available on Pocket52. All existing cashbacks in your account have been converted to the DC. With cashbacks, you used to get a 5% discount on the buy-in amount of your game. With DC, you can get discounted buy-in (up to 100%) on both cash games and tournaments.

Once the GST is deducted, it is mandatory to deposit it with the GST department as per the guidelines of the new GST law. However, you can get a refund of the balance amount (after deduction of GST).

To ensure that players get buy-ins equivalent to the money they add, despite the increased GST amount, Pocket52 is now offering Discount Credits (DC).

When a player deposits Rs. 100, they will receive a buy-in worth Rs. 100 (Rs. 78 as Game Balance and Rs. 22 in DC) and DC can be used to play both cash games and tournaments.

We as a platform are taking the burden of GST and rewarding you DC so that you get full buy-in value on your deposits. DC is a great way to play cash games and tournaments at discounted buy-in. DC is not locked and can be utilized up to 100%.

DC will not expire if you are an active player. However, they will expire after 30 days of inactivity. In the above case, inactivity is defined as

You cannot withdraw DC but you can use them to play games at discounted buy-in.

We have analyzed your deposit patterns and playing behaviour to define your DC limit. As you go up the Royalty level, your DC limit increases substantially.

Our Royalty Rewards program is still one of the best in the industry. Tournament players are now part of the Royalty Program and can level up by participating in more tournaments, earning them up to 40% DC (depending on their level) that is not locked and is 100% usable.

TDC facilitates players to participate in tournaments with discounted buy-ins. TDC can be used for both registration and re-entry.

In case of any overlay in a tournament, the proportionate prize pool is distributed among the winners in the form of TDC. For example, a 10L event with Rs. 2,750 buy-in should get 400 entries. But if there are only 300 entries then the overlay is 2.5L. This will be distributed among paid places in the same proportion i.e 3/4th real cash and 1/4th TDC.

Players can choose to withdraw their winnings (real cash) and utilize TDC as part of their bankroll for future tournaments, eliminating the need for additional cash deposits post winnings.

TDC will not expire if you are an active player. However your accumulated TDC points will expire after 30 days of inactivity. In the above case, inactivity is defined as

No, as TDC is non-monetary, it can not be withdrawn. However, it can be used to play any tournament as discounted buy-in.

Absolutely not! No fees will be charged during withdrawals.

From 1st October 2023 onwards, you will be able to withdraw once everyday on Pocket52. If you are withdrawing your winnings today, you will be able to place a withdrawal request on the next day after 12:00 AM.

Your GST amount increases when you withdraw and redeposit their winnings. At Pocket52, we aim to create a sustainable approach akin to bankroll management. Our changes are geared towards enhancing your bankroll practices in a positive manner.

Withdrawal limit is defined as per the current Royalty Rewards level. You can view your withdrawal limit in your Royalty Rewards section. Maximum withdrawal limit is 3 lacs per day.

Not always. GST is payable on add cash / deposit, However, TDS is applicable when your net winnings are included in withdrawal or year end balance. If your withdrawal / year end balance does not include winnings then TDS may not be applicable.

We are also supporting your TDS impact by calculating TDS on full deposits.

As an example, when you make a deposit of Rs 100 on the platform, the TDS calculation for your winnings will be based on the full deposit amount of Rs 100, and not on the reduced amount of Rs 78.12 (Rs 100 – GST of 21.88).

Introduction of in-game currencies like TDC and DC is reducing your tax impact while increasing your profitability and bankroll. For each add cash transaction, we are now offering Deposit Credits (DC) which offsets your GST burden. Additionally, you also save TDS on add cash.