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GAMESKRAFT GST DUES
Online gaming money tax dispute: GST to be charged on full value of the deposit, rules Supreme Court, know how it impacts the playersThe Supreme Court has settled India's online gaming tax dispute. GST will now be charged on the full value of player deposits, not just the...- DGGI set to fire up GST recovery drive against gaming firms after Supreme Court's backingThe Directorate General of GST Intelligence will now aggressively pursue tax recovery from online gaming companies after the Supreme Court ...
- Gameskraft net profit falls due to unsanctioned payments, GST impact; files police complaintOnline gaming firm Gameskraft reported a net profit drop in FY25, impacted by a Rs 231 crore write-off linked to alleged fund siphoning by ...
- Delta Corp shares soar over 15% after SC stays GST notices to online gaming companiesDelta Corp shares surged 15.4% to Rs 130.8 after the Supreme Court stayed proceedings on show cause notices worth Rs 1.12 lakh crore issued...
- SOGI calls for 28% GST on platform fees and not deposits for Indian gaming companiesThe Skill Online Games Institute (SOGI) has urged the government to impose 28% GST on platform fees instead of deposits to prevent tax arbi...
- Dream11 posts higher profit, revenue; auditor flags risk from GST demandDream11's auditor SR Batliboi & Co, an affiliate of EY, said the notices issued to the company by GST authorities seeking more than Rs 28,0...
- ETtech Explainer: Google Play Store says it will allow real money gaming apps. What does this mean?Google's Play Store will now allow a wide variety of real money gaming (RMG) apps on its platform in India, Mexico, and Brazil. This change...
- Online gaming platform Zupee’s FY23 operating revenue more than doubles to Rs 831.5 croreThe Matrix Partners-backed company’s net loss fell 72% on year to Rs 36.5 crore, as its expenses grew significantly slower than its topline...
- IAMAI pulls invite to some gaming companies for meet with IT MoS Rajeev ChandrasekharThe private discussions are expected to be around “building certainty for online gaming”, according to people with knowledge of the matter.
- GST-hit gaming companies, VCs in a huddle to keep the lights onExperts predict a major consolidation in the real-money gaming (RMG) industry in the near future, wherein 80% of the smaller companies will...
- View: It's testing time for Indian gaming industry, but probably a good time for investorsThe Indian gaming industry, valued at $2.6 billion, is eagerly awaiting the Gameskraft hearing on October 10. Despite predictions that the ...
- The harsh ‘reality’ facing real money gaming firms, and other top tech, startup stories this weekThe gaming industry in India is facing tax woes as the GST department issued pre-show cause notices to several cash flow-rich firms in the ...
- Online gaming companies plan to move court; term GST demand “retrospective”Industry executives termed this as a big blow to the industry, as it grapples with the risk of bankruptcies. Risk capital investors are con...
- DGGI raises Rs 55,000-crore tax demand from Dream11, other online gaming companiesThis includes a notice of approximately Rs 25,000 crore to Dream11, making it possibly the largest indirect tax notice in India. More notic...
- Online gaming companies to slow spends during cricket world cupA senior executive at one of the large online real money gaming platforms told ET that the company is planning to spend only a fourth of wh...
- Big blow for Gameskraft in Rs 21,000 crore GST evasion case; RBI wants fintechs to self-regulateIn a setback for online gaming firm Gameskraft, the Supreme Court has overturned the Karnataka High Court's order that quashed a GST notice...
- Online gaming likely to see hiring pullbacks; layoffsThe GST Council's decision, to be implemented from October 1, will not only impact fresh hiring but also lead to job losses, particularly a...
- Google Bard comes to India; SoftBank Vision Fund logs $32 billion loss, sells 2% in PaytmGoogle kicked off Google I/O, its annual developer conference, on Wednesday and made a slew of announcements. Besides launching Pixel Fold,...
- I-T notices being sent to winners of online games for short-payment of tax: CBDT chief Nitin GuptaThe department has started alerting the winners on the tax compliance dashboard wherever there is a mismatch in income and tax payments. Th...
- Mahindra buys troubled Rivigo’s B2B express business; Gameskraft gets Rs 21,000-crore GST noticeA month ago we reported that new-age logistics unicorn Rivigo had held talks with Flipkart and FirstCry for a potential sale after failing ...
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