MyMaster11 GST Free

MyMaster11 GST Free

Enjoy a 28% GST waiver on us that is MyMaster11 is now GST-free!

For Example:

On MyMaster11 Add ₹100, and with a 28% tax liability, you'll receive ₹78.125 in your Deposit wallet. The remaining ₹21.875 will be added in Discount wallet which is covered by us as GST, so no extra deductions for you!

From 1 October 2023 :

Suppose you want to deposit ₹100 on MyMaster11. The process will work as follows: Amount Credited to Your Deposit Wallet: ₹78.125, after a 28% GST (₹21.875) is deducted and paid to the government. Additional Credit to Your Discount Wallet: ₹21.875.

Here's how it works: If you have a tax deduction obligation, MyMaster11 provides an additional 28% in Discount Wallet, which you can use to enter competitions.

In every Discount Dhamaka contest, note the following:

  • Usage of Discount Wallet: You can use only a specified portion of your Discount Wallet balance.
  • Deposit Wallet: Any remaining amount needed to participate must be paid from your Deposit Wallet.
  • Check Limits: Ensure you check the contest-specific limits on Discount Wallet usage and have sufficient funds in your Deposit Wallet to cover the rest for smooth participation.

MyMaster11 reserves the right to modify or terminate this offer at any time without prior notice.

GST Calculator

If you add 100 to your account, you will get 78.12 as your Deposit Amount (A), with the GST on that amount being 21.88 (28% of ₹78.12).

However, you will additionally receive Discount wallet money (B) worth 28% of your Deposit Amount, worth 21.88.
Deposit Amount (excl. Govt. Tax) A78.12
Govt. Tax (28% GST)21.88
Total100
Discount Wallet B21.88
Current Balance (A + B)100