Paytm’s Gaming Subsidiary Gets INR 5,712 Cr GST Notice

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SUMMARY

The demand notice pertains to the period between January 2018 and March 2023

The company said that it now plans to file a writ petition challenging the proposed liability, and seek relief at par with other players in the gaming industry

Paytm also said that the notice will “not have any impact” on the “operations or other activities” of parent One97 Communications Ltd

Fintech major Paytm’s online gaming subsidiary First Games Technology Pvt Ltd has received a…



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Paytm’s Gaming Subsidiary Gets INR 5,712 Cr GST Notice


SUMMARY

The demand notice pertains to the period between January 2018 and March 2023

The company said that it now plans to file a writ petition challenging the proposed liability, and seek relief at par with other players in the gaming industry

Paytm also said that the notice will “not have any impact” on the “operations or other activities” of parent One97 Communications Ltd

Fintech major Paytm’s online gaming subsidiary First Games Technology Pvt Ltd has received a…



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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