New Delhi, April 29 -- Paytm, in its stock exchange filing, clarified that the GST department has issued similar notices to several gaming companies, and the matter is currently pending before the Supreme Court.
On Monday, Paytm (One97 Communications Limited, "OCL") informed that its subsidiary, First Games Technology Private Limited ("First Games"), has received a Show Cause Notice ("SCN") from the Directorate General of GST Intelligence (DGGI).
It said "This is to inform you that our subsidiary company, First Games Technology Private Limited ("First Games"), has notified us today at 6:07 p.m. IST that in relation to an ongoing GST matter in the online gaming industry for over 18 months, they have received a Show Cause notice ("SCN")"...
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