10 Great SC stays GST show cause notices to online gaming companies; Delta Corp, Nazara Tech shares surge Public Speakers

GST is increasing day by day, but many people are reporting in the media that it is completely justified in terms of India’s financial state. When the share price of Delta Limited is increasing by 14 percent, it is surprising that the share price of NAZAR technology is increasing by 7% due to its suspension till January 10. M’s share will increase and it will increase by Rs 1.12 lakh by March 2025.

Seeing this, the government has recently requested everyone to pay GST on online gaming companies and casinos. It has also been said that the government has announced that when the player is playing in this game, he will be charged 28% GST.

GST

People who invest in this game and play have disputed this.
On Friday, DGGI issued notices to online gaming and casinos and many other things have been done on this. After the final verdict, the Supreme Court has taken the DGGI verdict in this manner on March 18.
After a lot of talk on GST, it is being reported that when the Supreme Court has given its verdict that 7% GST tax will be paid on online gaming on January 10, many companies have postponed their verdicts. In this, it has been mentioned that 1.12 lakh crore rupees have been mentioned and it is being increased by a few percent by Delta Crop.

A TRUST OF INDIA

In this case, some information has come from various political parties that a total of 51 applications have been filed against gaming companies.
After this final verdict, the Supreme Court has ruled that 28% tax will be levied on the goods. However, the verdict has been postponed. Many businessmen have been talking a lot about this, what will happen when the Supreme Court verdict. Therefore, it was postponed for hearing on March 18.

If you look at the shares of Delta group, it has affected many companies. On January 10, at 12.10 pm on the NSE website, it has fallen by 4% and traded at Rs 118. While on NSE, NAZAR company has increased by more than Rs 900 for a decrease of only 1.5%.

Delta Corp, Nazara Tech share

Many petitions have been filed on GST tax, arguing that only gaming can be taxed. If you look at other cases, it will be suspended on notice. The coercive action will be taken in it. Which will be stopped in India without any delay. For this, this company has been directed. In 2022, it has been cheated of Rs 1.2 lakh online, so online gaming companies like Cousin, which are charged 18% GST, are currently planning to charge 28%.

But it was completely effective on October 1. Which was demanded for the payment of the government. In this, when the law was made on GST in August 2023, it was 18 percent on gaming, but now 28% gst rate is being attracted. This is as per the Supreme Court’s instructions, it has been given as a reason that it has been informed to the authorities on the notice. Saying that now DGGI has demanded more than 1 lakh crore rupees from a total of 71 companies on online gaming in 2025.

Nazara Technologies—an Indian gaming and sports media company. Nazara Technologies is listed on the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE) under the ticker symbol NAZARA.

Seeing this, the small online gaming companies that are behind have increased their demands.
Now on GST in 2023, the Karnataka high court has taken a decision that it is ruining the minds of many youth. After giving them a notice of 21 thousand crore rupees on this game, it has been put forward. This has been issued to the industry that has been implemented since 2017. That is why many online gaming companies will challenge it in the future.
Delta Corp shares fell by 4.5% after rising by Rs 118. However, NAZAR shares fell by 0.6%.

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