Delta Corp, Nazara Tech jump up to15% as SC stays GST notices indefinitely

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Delta Corp, Nazara Tech jump up to15% as SC stays GST notices indefinitely - Business Standard

Quick Summary:

SC on online gaming plea news: The Rajya Sabha, in December 2023, was informed that online gaming companies were served 71 show-cause notices related to GST evasion, amounting to Rs 1.

On the stock exchanges, Delta Corp share price hit an intraday high of Rs 130.8 per share on the BSE and Rs 131.2 per share on the NSE.

They questioned if the applicable GST rate should be levied only on the revenue earned by gaming companies—typically their platform fees or commissions—or on the total amount contributed by players as pool money.