Key Points
Bengaluru-based online gaming company Gameskraft Technologies Private Limited has bought a land parcel spread over an area of 8.61 acres in Gurugram, Haryana, for 90 crore, documents accessed by Propstack showed.re..
In 2022, a GST intelligence unit has issued a showcause notice against the company alleging that it had failed to pay 21000 crore in GST following which the online gaming firm approached the Karnataka High Court and challenged the showcause notice which was eventually quashed..
According to a report by EY titled New Frontiers Navigating the Evolving Landscape for Online Gaming in India, the country boasts a substantial gaming community, comprising 42.5 crore gamers, the second largest globally after China..
On the backdrop of GST amendments online gaming platforms are reinventing their operating models and re-evaluating business strategies for sustained operations and growth, the EY report said..
The KPMG report had said that India remains a mobile first gaming market, with mobile phones/smartphones the most preferred device amongst online gamers..
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