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The Latest Breaking News from Gameskraft

ED attaches fresh assets worth Rs 442 cr in probe against online gaming company Gameskraft

The Enforcement Directorate has attached assets valued at Rs 442 crore linked to Gameskraft Technologies. This action is part of an ongoing money laundering investigation against the online gaming company. The seized properties include fixed deposits, commercial shops, and residential properties belonging to related entities. The agency claims Gameskraft's platforms…

The Economic Times · Sep 27

Gamer invested Rs 2.61 crore to play online rummy and poker games; loses net Rs 28 lakh, files ITR reporting Rs 4 lakh income; gets tax notice; he wins case in ITAT Bangalore

Gamer invested Rs 2.61 crore to play online Rummy, poker games; loses net Rs 28 lakh, stops playing, files ITR reporting Rs 4 lakh income; gets tax notice; he wins case in ITAT Bangalore. Waseem Ahmed, the Accountant Member, and Soundararajan K., the Judicial Member of ITAT Bangalore heard this…

The Economic Times · Sep 4

ED attaches fresh Rs 1,906 cr worth assets of Gameskraft

The Enforcement Directorate attached assets worth Rs 1,906 crore belonging to Gameskraft. This action was taken due to allegations of operating an addictive online gaming environment. The company allegedly encouraged repeated wagering and generated significant proceeds of crime. These funds were then layered and integrated through dividends and share buy-backs.…

The Economic Times · Jul 24

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

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.

The Economic Times · May 29

ED freezes Rs 526 crore bank deposits in PMLA case against Gameskraft

In a major crackdown, the Enforcement Directorate has immobilised assets worth over Rs 526 crore from the online gaming platform Gameskraft, including cash and jewellery. Raids were executed across Delhi-NCR and Bengaluru, leading to the arrest of three key founders. The agency claims that illegal bots were employed to deceive…

The Economic Times · May 14

ED arrests 3 Gameskraft founders in PMLA case

The Enforcement Directorate has arrested three founders of the online gaming platform Gameskraft. The arrests are linked to an alleged fraud and money laundering case. Officials took Deepak Singh, Prithvi Raj Singh, and Vikas Taneja into custody. This action follows raids and the filing of a money laundering case. The…

The Economic Times · May 8

India gambling ban leaves major brands scrambling – including main sponsor of national cricket team

New law bans real-money online games, forcing billion-dollar firms to suspend operations and cut deals

The Independent UK · Aug 26, 2025

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SC takes itself pleas by online gaming companies against 28 pc GST pending in High Courts

A bench headed by Chief Justice DY Chandrachud allowed the plea of Centre seeking transfer of all 27 petitions pending in nine High Courts across India. Read further on Dynamite News:

Dynamite News · Apr 5, 2024

Show cause notices to e-gaming cos as per legal provisions, GST demand based on data analysis: CBIC chief

CBIC issues show cause notices to e-gaming companies for alleged GST evasion. 28% GST to be levied on online gaming, casinos and horse racing from October 1. GST Council had approved amendments in law to include online gaming, casinos and horse racing as taxable actionable claims.

The Hindu · Sep 28, 2023

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