Nazara Technologies has informed that the following developments related to ongoing GST matters of the gaming industry on behalf of the subsidiaries: Openplay Technologies - Received a Show Cause Notice on 16th July 2024 under Section 74(1) of the CGST Act, 2017, and the State SGST Act, 2017, from the Director General of GST Intelligence, Kolkata for a proposed liability of INR 845,71,85,605 (~ INR 845.72 crores) for the period from 2017-18 to 2022-23; Halaplay Technologies - Intimation of a proposed tax liability under the CGST Act, 2017, amounting to INR 274,20,56,704 (~ INR 274.21 crores) from the Director General of GST Intelligence, Kolkata for the same period.
The above information is a part of company’s filings submitted to BSE.
