MoneyWorks4Me

Nazara Technologies informs about updates

17 Jul 2024 Evaluate
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.

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