Ashneer Grover is lashing out at the GST Council's decision to levy a 28 per cent tax on online gaming. The decision will impact several gaming companies, including Dream11, MPL, Gameskraft, and Games 24x7.
Delta Corp stock crash today: The Delta Corp stock hit the lower circuit of 20% at Rs 197.45 on BSE. Total 2.13 lakh shares of the firm changed hands amounting to a turnover of Rs 4.46 crore.
Billions Down The Drain : What do industry experts have to say on 28% GST on online gaming firstpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from firstpost.com Daily Mail and Mail on Sunday newspapers.
The 28% GST rate on online gaming stocks caused a bearish reaction, with Nazara Technologies and Delta Corp shares falling rapidly. Nazara expects minimal impact as the tax, while Delta Corp has not commented on the impact on its business.