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Gaming companies are contesting retrospective GST notices seeking payments amounting to thousands of crores, calculated at 28 percent of the bet's face value.

A bench led by CJI DY Chandrachud indicated of hearing in July while hearing a plea filed by Baazi Networks Private Limited , which owns Baazi Games, challenging notices issued to them.

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In recent months, 71 companies received show-cause notices demanding taxes totaling Rs 1.12 lakh crore, with some demands surpassing their annual turnover

Sustainability, digitalization, and optimized supply chains take center stage at leading manufacturing awards.

Dream11s auditor SR Batliboi & Co, an affiliate of EY, said the notices issued to the company by GST authorities seeking more than Rs 28,000 crore in past tax dues “may cast significant doubt on the groups ability to continue as a going concern”.

Digital payments major Paytm on Friday said it has narrowed losses to Rs 222 crore for the quarter ended December, from Rs 392 crore a year ago and Rs 290 crore in the preceding quarter.

The Supreme Court on Monday sought the response of the Central government on a plea filed by online gaming companies challenging the levy of 28 percent Goods and Service Tax on all forms of online real-money gaming.

Zurich Airport has launched the first phase of its e-commerce transformation, known as ZRH Comfort, in collaboration with Omnevo.

Online gaming companies are likely looking at a tax demand of around INR 1 Lakh Cr to be raised by the DGGI.