Paytm subsidiary First Games to file writ on GST notice amid industry-wide dispute

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Paytm, in its stock exchange filing, clarified that the GST department has issued similar notices to several gaming companies, and the matter is currently pending before the Supreme Court.On Monday, Paytm (One97 Communications Limited, “OCL”) informed that its subsidiary, First Games Technology Private Limited (“First Games”), has received a Show Cause Notice (“SCN”) from the Directorate General of GST Intelligence (DGGI).

It said “This is to inform you that our subsidiary company, First Games Technology Private Limited (“First Games”), has notified…



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Paytm subsidiary First Games to file writ on GST notice amid industry-wide dispute


Paytm, in its stock exchange filing, clarified that the GST department has issued similar notices to several gaming companies, and the matter is currently pending before the Supreme Court.On Monday, Paytm (One97 Communications Limited, “OCL”) informed that its subsidiary, First Games Technology Private Limited (“First Games”), has received a Show Cause Notice (“SCN”) from the Directorate General of GST Intelligence (DGGI).

It said “This is to inform you that our subsidiary company, First Games Technology Private Limited (“First Games”), has notified…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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