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Indian Supreme Court halts GST tax notices to online gaming firms, worth over Rs 1.12 lakh crore.
The Supreme Court of India has temporarily halted Goods and Services Tax (GST) notices worth over Rs 1.12 lakh crore issued to online gaming firms over alleged tax evasion.
The court's decision provides relief to the sector until the final hearing on March 18.
The dispute centers on the 28% GST rate applied to the full value of bets placed on gaming platforms, which the firms argue should instead be based on gross gaming revenue.
Over 50 petitions challenging this tax are pending.
Shares of affected gaming companies like Delta Corp and Nazara Technologies reacted positively to the stay order.
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La Corte Suprema de la India detiene los avisos de impuestos GST a las empresas de juegos en línea, vale más de Rs 1,12 lakh crore.