DGGI serves Rs 55k crore tax notices to gaming firms, biggest to Dream11
The Directorate General of GST Intelligence (DGGI) has issued pre-show cause notices to around 12 online real money gaming companies over their tax dues worth Rs 55,000 crore, The Economic Times (ET) reported on Tuesday. Dream11, the gaming unicorn, has reportedly received the largest tax notice for dues worth Rs 25,000 crore.
Notably, a pre-show cause notice is served before the income tax department serves a show-cause notice to the companies to inform them about the quantum of their dues. Other companies, which according to ET, have received the notices include Head Digital Works and Play Games 24*7.