Goods & Service Tax (GST) 19 October 2026
Supreme Court Cuts GST Demands for Gaming Giants
The Supreme Court’s recent judgment on GST valuation has led to a dramatic reduction in tax demands for two Indian gaming firms. Junglee Games now faces a liability of roughly ₹3,556 crore, down from a higher amount, while First Games’ demand falls to about ₹704 crore after reassessment of taxable value, player‑deposit data and previously paid taxes.
- The Supreme Court ruling re‑examined how taxable value and player‑deposit data are calculated for GST purposes.
- Junglee Games: GST demand reduced to roughly ₹3,556 crore.
- First Games: GST demand lowered to about ₹704 crore.
- Both firms benefit from credit for taxes already paid, cutting their outstanding liabilities.
Read the full report here.
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