Online real money gaming companies served Rs 55,000 cr GST demand notice: Report
New Delhi: The Directorate General of GST Intelligence (DGGI) has issued approximately a dozen pre-show cause notices to online real money gaming (RMG) companies for goods and services tax dues totaling around Rs 55,000 crore, ET reported.
Fantasy sports platform Dream11 received a GST notice of over Rs 25,000 crore, believed to be the largest indirect tax notice ever served in the country.
Other companies that received pre-show cause notices include Play Games24x7 and its affiliates, along with Head Digital Works.
It's worth noting that Dream11 has reportedly taken the matter to the Bombay High Court in response to the notice, said the report.
These notices were prompted by a recent change in GST rates for real money games, which raised the levy to 28% on the total bet placed at the entry-level of each gaming session on RMG platforms.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
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