Indian Supreme Court grants stay on ₹5,712-crore GST notice to Paytm's gaming subsidiary, easing tax dispute.

The Supreme Court of India granted a stay on a ₹5,712-crore GST notice issued to Paytm's subsidiary First Games, which is part of a broader dispute over how real money gaming platforms are taxed under GST. The interim stay provides relief to First Games and suggests the court may reassess the taxation of the gaming industry. Paytm's shares increased after the ruling, despite the company reporting a consolidated net loss of ₹540 crore in the last quarter.