Nazara Tech, Delta Corp stocks tank upto 20% after GST council levies 28% tax on online gaming
时间:2024-06-26 12:44:15 阅读(143)
Nazara Tech shares plunged 14% to Rs 605 and Delta Corp shares tanked 20% to Rs 197.45 today after the Goods and Service Tax Council imposed a 28% tax on online gaming, casinos and horse racing on Tuesday. The tax will be levied on the full value of the bet made, instead of just the platform fee. Meanwhile, BharatPe co-founder Ashneer Grover slammed the government’s decision. He said that the move will murder the fantasy gaming industry and it is time for entrepreneurs to enter politics or else the government will do the same for every industry.
“RIP – Real money gaming industry in India. If the govt is thinking people will put in Rs 100 to play on Rs 72 pot entry (28% Gross GST); and if they win Rs 54 (after platform fees)- they will pay 30% TDS on that – for which they will get free swimming pool in their living room come the first monsoon – not happening ! It was good fun being part of the fantasy gaming industry – which stands murdered now. $10 Bn down the drain in this monsoon. Time for startups Founders to enter politics and be represented – or this is going to be spate industry after industry,” Ashneer Grover tweeted.
上一篇:13 reasons why you might want to buy Redmi Note 13 Pro Plus — but should you-
下一篇:Your queries- Loans; Brother-sister duo is not automatically given loan
猜你喜欢
- 18% GST on fees charged by Sebi
- Market Outlook- Nifty, Sensex end in red; markets following global cues, traders should restrict positions
- Market LIVE- Sensex ends 776 pts up, Nifty at 17200, midcaps outgun; Reliance, Bajaj Finance jump 3
- Market rally- Investors richer by over Rs 5
- Sebi bans Excel Realty N Infra, 4 others from securities market for up to 2 years
- Mahindra & Mahindra stock tanks 7% today after RBL Bank stake acquisition; RBL Bank shares jump 5%
- Sebi notifies stricter delisting rules for non-convertible debt securities
- Adani Enterprises among 172 BSE stocks to hit new 52-week highs; Bandhan Bank, Reliance Cap at fresh lows
- Sebi clarifies on format for seeking clients’ trading preferences