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Tag: Gameskraft

Supreme Court to review challenges against retroactive 28% GST on online gaming companies

The Supreme Court has taken notice of the petitions filed by Head Digital Works and Games 24/7, two prominent online gaming companies. These pleas...

Gameskraft reports 24.8% increase in operating revenue for FY23

Online gaming firm Gameskraft recently revealed its annual results for financial year 2022-23. The results showed a quarter-fold increase in operational revenue, which stood...

Deltatech Gaming files writ petition against Rs 6384 crore GST notice, matter to be heard on Nov 29

Deltatech Gaming Limited, a subsidiary of listed gaming and hospitality company Delta Corp Limited, has filed a writ petition in connection with the showcause...

Gameskraft founder Prithvi Raj Singh receives Champions of Change Karnataka Award

Prithvi Raj Singh, founder of online gaming platform Gameskraft, was awarded the Champions of Change Karnataka Award for "Innovation & Skill Development" at a...

GST on online gaming: DGGI hands another notice to Dream11 worth Rs 28,000 crore

The Directorate General of GST Intelligence (DGGI) has now sent the biggest-ever tax notice to fantasy sports platform Dream11. The requested amount is a...

Gameskraft to shut down Gamezy Fantasy from September 18

Amidst the ongoing battle with the GST authorities and the increased GST rate of 28% on online real money games, the Bengaluru-based online gaming...

Reports: GST authorities to issue show-cause notices to 40 online gaming firms for tax evasion

After the Supreme Court stayed the Karnataka High Court’s judgement in the Gameskraft case, which involved the quashing of Rs 21,000 crore GST evasion...

Online gaming industry reacts to Supreme Court staying Karnataka HC decision in Gameskraft GST matter

On Wednesday, September 6 the Supreme Court stayed the decision of the Karnataka High Court quashing the GST show-cause notice issued to Gameskraft for...

Real money gaming platforms could face Rs 45,000 crore retrospective tax demand

The Directorate General of GST Intelligence (DGGI), based on Central Board of Indirect Taxes and Customs (CBIC) assessment, is now planning to recover Rs...

Exclusive: Gameskraft involved in betting, wagering and gambling: DGGI in its SC appeal seeking Rs. 21,000 crores GST dues

The Central Government through Director General of Goods and Services Tax Intelligence (DGGI)  has filed a Special Leave Petition (SLP) in the Supreme Court...

DGGI hands two more show-cause notices worth Rs 3000 crore for alleged tax evasion

Two more online gaming companies has been handed show-cause notices by the Directorate General of Goods and Services Tax Intelligence (DGGI) for alleged tax...

Gameskraft Foundation partners with Anthill Creations to develop sustainable playgrounds

Gameskraft Foundation, the social arm of the Gameskraft Group, announced its partnership with Anthill Creations – a non-profit organization dedicated to enhancing the experience...

Gameskraft Foundation partners with Inspire Institute of Sport to strengthen ‘Athletics Centre of Excellence’ for sporting champions

Gameskraft Foundation, the social arm of the skill-based online gaming company Gameskraft and Inspire Institute of Sport (IIS), have announced their partnership to provide...

[Exclusive] Gameskraft files caveat in Supreme Court against possible appeal by GST Department against order quashing Rs. 21,000 crore notice

Gameskraft Technologies Private Limited and its founders Vikas Taneja and Prithvi Raj Singh have filed caveats in the Supreme Court in the Rs. 21,000...

Breaking: Karnataka HC quashes Rs 21,000 crore showcause notice issued to Gameskraft for GST evasion

In a landmark judgement for the online gaming industry, the Karnataka High Court has quashed the Rs. 21,000 crore showcause notice issued to online...

Karnataka HC to deliver verdict in Rs 21,000 crore Gameskraft GST evasion case on May 11

The long-awaited judgement in the Rs. 21,000 crore Gameskraft GST evasion case will be pronounced tomorrow on May 11 at 2.30 pm by a...