New Delhi, April 29: Paytm's parent company, One97 Communication Ltd, has said that its subsidiary, First Games Technology Private Limited, received a show-cause notice from the Directorate General of GST Intelligence (DGGI). The notice, received on April 28, 2025, relates to an ongoing Goods and Services Tax (GST) matter that has been under review across the online gaming industry for over 18 months.

The DGGI has taken the position that GST should be levied at 28 per cent on the total entry amount, instead of the 18 per cent GST currently paid on the platform fee or revenue earned by gaming companies. In its stock exchange filing, Paytm emphasised that this is an industry-wide issue, and that several other online gaming operators have received similar notices in the past. This matter is currently pending before the Supreme Court, which has granted interim relief by staying further proceedings on previously issued notices after hearing writ petitions filed by multiple gaming companies.슬롯 머신 사이트 추천RBL Bank Share Price Today, April 29: RBL Bank Shares Dip Despite Positive Earnings Outlook, Check Latest Price on NSE.

슬롯사이트œIn line with the industry,슬롯사이트� Paytm stated in its filing, 슬롯사이트œFirst Games will also be filing a writ petition challenging the SCN on legal grounds, including the retrospective application of the GST amendment dated October 1, 2023, and/or the interpretation of GST regulations prior to the amendment.슬롯사이트� The petition will seek interim relief in line with what has been granted to other gaming operators. The SCN issued to First Games proposes a GST liability of Rs 5,712 crore, along with applicable interest and penalties, for the period from January 2018 to March 2023. Paytm has clarified that this development does not impact its operations or other activities.슬롯 머신 사이트 추천Kolkata Fatafat Result Today: Kolkata FF Result for April 29, 2025 Declared, Check Winning Numbers and Result Chart of Satta Matka-Type Lottery Game.

슬롯사이트œFirst Games is considered a joint venture for group consolidation purposes under applicable accounting standards, and hence its revenues are not consolidated with OCL,슬롯사이트� the company said. It added that First Games contributed less than 1 per cent of its consolidated profit/loss for the financial year ended March 31, 2024. The filing also noted that the carrying value of Paytm슬롯사이트™s investment in First Games is already nil as of March 31, 2024. OCL슬롯사이트™s financial exposure to First Games stands at approximately Rs 225 crore, primarily in the form of a shareholder loan (including applicable interest) as of December 31, 2024.

(The above story first appeared on LatestLY on Apr 29, 2025 10:41 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).