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The Economic Times

Disha Acharya

All bets are off as SC’s GST ruling squeezes RMG companies

RMG SC Dream11 United States Gameskraft Dream Sports

The Supreme Court ruling upholding the 28% retrospective goods and services tax on real-money gaming (RMG) platforms may push several online gaming companies towards insolvency, industry executives said, even as companies are considering legal options.

The GST demand of Rs 92,000 crore on past transactions will also impact larger players such as Dream11, Junglee Games and Mobile Premier League, which have been pivoting to different businesses following the blanket RMG ban introduced in August last year, executives said.

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Trump administration to assign government lawyers to migrant kids’ cases, worrying advocates

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