The Supreme Court has reserved its judgment in the ₹2.5 lakh crore GST dispute involving leading online gaming companies and casinos, a case that could redefine taxation on games of skill and chance in India. The verdict is expected to settle years of legal uncertainty in the RMG industry.
Delta Corp shares rose after the Supreme Court agreed to hear the online gaming industry’s appeals on January 10 about GST-related issues. The industry is challenging notices from the Directorate General of GST Intelligence (DGGI), which have resulted in a huge tax demand of Rs. 1.12 lakh crore from 71 gaming companies. This news has given hope for a solution to the ongoing tax problems. The decision could have a big effect on the online gaming industry.
