M/s. Win here 2407 is an online money gaming platform operating from Singapore. It provides its users a platform to play and win money in different…

M/s. Win here 2407 is an online money gaming platform operating from Singapore. It provides its users a platform to play and win money in different games etc. that are available on its web portal. In the month of October 2023, Mr. Anil (player), an unregistered person located in India, deposited an amount of 15,000 (inclusive of GST) in the master wallet available on the portal of M/s Win here 2407. Subsequently, following transactions were undertaken by Mr. Anil during the month of October, 2023. (i) Mr. Anil utilized the amount of 2,500 from the master wallet towards playing a virtual racing game on the portal. As a winning amount - 11,000 was credited to the master wallet of Mr. Anil. (ii) On another portal operated by M/s Win here 2407 in the name of Win 90, Mr. Anil placed a bet of face value of 12,000 on an international cricket match. The amount of such bet was paid through the master wallet with applicable taxes and accordingly, the bet amount of 12,000 with applicable taxes was transferred from the master wallet of Mr. Anil to the bank account of Win 90. However, he lost the bet. (iii) Mr. Anil transferred the balance amount from the master wallet to his bank account after doing the aforesaid transactions. Based on the information provided above, answer the following questions, providing reasons in brief: (1) Compute the taxable value under GST law and total GST payable on the aforesaid given transactions in the hands of M/s Win here 2407 in India. (2) Determine the net amount transferred by Mr. Anil from the master wallet to his bank account after the aforesaid transactions. Note: Assume all the above transactions to be exclusive of GST unless otherwise specified. Rate of GST applicable is 28% (ignore the bifurcation of GST amount into CGST and SGST or IGST). Calculate amount of value and tax rounded off to nearest rupee.