Today, On 27th March, A gaming company informed the Madras High Court that it is willing to restrict online real money games for 19 hours a day. However, it opposed the Tamil Nadu Online Gaming Authority’s requirement to enforce the restriction only between midnight and 5 a.m. The company argued for flexibility in setting the restricted hours. The court will now consider the matter before making a decision.
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.