From GFF rumours to ED and GST raids: Mapping the gaming-fintech crackdown
Enforcement Directorate (ED), Directorate General of GST Intelligence (DGGI) actions against online gaming and fintech companies in last couple of months.
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Enforcement Directorate (ED), Directorate General of GST Intelligence (DGGI) actions against online gaming and fintech companies in last couple of months.
The ruling effectively validates tax demands running into nearly Rs 2.5 lakh crore, including penalties, against gaming companies.
As per the DGGI, around 47 online gaming-linked entities processed transactions worth nearly Rs 1,644.96 crore through SabPaisa.
In this edition, we write about how India's law enforcement agency's crackdown on fintech companies continues; and the debate on the economics of AI...
Over the past three months, officials from 6-7 fintech firms, including Fino Payments Bank, have been arrested, sent to custody, had their offices searched, or bank accounts frozen in connection with illegal gaming tax evasion cases.
This edition looks into how RBI will view Gupta's re-appointment as Fino Bank MD and CEO; and we also examine the energy cost of frivolous use of AI...
The development comes three days after the Telangana High Court dismissed a writ petition filed by Gupta, challenging his arrest.
After multiple adjournments, a division bench comprising Chief Justice Aparesh Kumar Singh and Justice G.M. Mohiuddin dismissed the writ petition filed by Gupta.
We write about the uneasy silence and fear hovering over the arrest of Fino CEO Rishi Gupta; and why Sarvam AI’s new startup programme may be less about startup support...
Go Digit added it plans to respond within the stipulated period, submitting supporting documents and evidence.
The ruling, made earlier this week, relates to alleged tax dues of Rs 154.8 crore and penalties of Rs 15.48 crore for the period between July 2017 and March 2022.
First Games said it will file a writ petition challenging the proposed liability of Rs 5,712 crore along with applicable interest and penalties.
InsuranceDekho founder and CEO Ankit Agrawal and other top officials of the startup were not present in the office at the time of raid.