Gameskraft

Online gaming companies, which have slammed the Goods and Services Tax (GST) Council’s decision to impose the maximum 28% indirect tax on the full face value of the business, said they are awaiting details on the applicability of the levy…

The decision of the GST Council to impose a 28% tax on the full face value for online gaming could result in users migrating to illegal gambling and betting platforms, and even force companies to move their base overseas to cushion the…

Online gaming industry stakeholders on Tuesday termed the 28% GST on the full value of gaming as "unconstitutional, irrational and egregious", saying that the move is a self goal that will kill the skilled online gaming sector in the…

The Madras High Court on Monday refused to grant any kind of interim relief to online gaming companies pending adjudication of a batch of cases filed by them as well as the All India Gaming Federation (AIGF) challenging the constitutional…

The Karnataka High Court on Thursday overturned the imposition of Goods and Services Tax (GST) worth Rs 21,000 crore on Gameskraft Technologies Pvt. Ltd. (GTPL). The Karnataka High Court's ruling is expected to bring much-need clarity on…

Gameskraft was also accused of promoting online betting, but the company argued that its offerings qualified as skill-based gaming activities. (Image: News18/File) Gameskraft, an online skill-based gaming platform that began operations in…

Gameskraft Technology Private Limited (GTPL) has also been accused of promoting online betting through various games. Karnataka High Court today, on May 11, axed a GST notice that was issued to Bengaluru-based games company, GamesKraft—for…

A month ago we reported that new-age logistics unicorn Rivigo had held talks with Flipkart and FirstCry for a potential sale after failing to raise fresh funds amid the economic downturn. Now, Mahindra Logistics has agreed to buy the…

The Director General of Goods and Services Tax Intelligence (DGGI) has slapped its heftiest tax notice of Rs 21,000 crore on Bengaluru-based Gameskraft Technology (GTPL) for allegedly evading GST on the betting amount. Gameskraft has…

The Goods and Services Tax authorities have served a show cause notice to Bengaluru-based online gaming company Gameskraft Technology Pvt Ltd, demanding Rs 21,000 crore in taxes, interest and penalty, the company said in a submission to the…