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Delta Corp plunges after apex court backs 28% GST on online gaming bets
Delta Corp tumbled 16.05% to Rs 67.99 after the Supreme Court upheld the government's retrospective 28% GST levy on the full face value of bets placed on gaming platforms
Delta Corp share price tanks 18% today; what's behind the selloff?
Delta Corp share price:Today's selling pressure in Delta Corp was triggered after the Supreme Court ruled in favour of the government's retrospective levy of 28% GST on online gaming companies.
Delta Corp shares tank 16%. What’s triggering the sharp selloff?
Shares of Delta Corp tumbled 16% after the Supreme Court upheld the government’s retrospective 28% GST levy on online gaming companies. The apex court ruled that online gaming platforms qualify as actionable claims under GST law and backed retrospective application of the amendments. Gaming firms had opposed the tax demand, arguing it contradicts decades of legal precedent distinguishing gaming from gambling.
Gaming stocks under pressure! Delta Corp, Nazara Tech crash up to 16% after Supreme Court GST ruling - Mint
Gaming stocks under pressure! Delta Corp, Nazara Tech crash up to 16% after Supreme Court GST rulingMint
Delta Corp crashes 14%, Nazara slips 1.5% after Supreme Court upholds retrospective GST on online gaming
The dispute traces back to September 2023, when the Supreme Court stayed a Karnataka High Court order that had quashed a Directorate General of GST Intelligence (DGGI) notice seeking nearly Rs 21,000 crore in GST from Gameskraft