Nazara’s subsidiary gets interim relief by Calcutta High Court in GST dispute

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Nazara’s subsidiary gets interim relief by Calcutta High Court in GST dispute - YourStory

Quick Summary:

Openplay, which received a notice in July regarding a liability of Rs 845.72 crore for the period from 2017-18 to 2022-23, filed a writ petition with the Calcutta High Court challenging the demand.

In the previous year, 71 show cause notices were issued to online gaming companies for alleged GST evasion exceeding Rs 1.12 lakh crore during the financial years 2022-23 and 2023-24.

Nazara further highlights that these subsidiaries contribute minimally, accounting for less than 2% of its revenue and 1% of its profit in the quarter ending March 2024.