Friday’s news cycle included confirmation that The Supreme Court upheld 28 percent GST retroactively on online gaming activating over Rs 1 lakh crore in show-cause notices for gaming companies and setting aside Karnataka High Court relief.
Dream11, Games24x7, and Head Digital Works are among major fantasy gaming platforms assessing tax exposure after the apex court rejected skill-versus-chance distinctions for GST once money is staked.
According to accounts published May 29, lakh crore in show-cause notices for gaming companies and setting aside Karnataka High Court relief.
Institutions and individuals identified in source material include The Supreme Court, GST, Karnataka High Court. Quantitative references in the underlying brief include 28, Rs 1 lakh. Legal reporters placed the matter on May 29 court lists and regulatory dockets.
Online gaming firms face tax assessments after the Supreme Court upheld 28% GST on staking transactions.
Regulators referenced in the plea have the opportunity to file counter-affidavits. Figures repeated here match those in the initial summary only.
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Sources:
https://startuptalky.com/news/daily-india-startup-funding-business-roundup-may-28-2026-c2i-semiconductors-extends-series-a-to-16-7-mn-supreme-court-upholds-28-gst-on-gaming/