Supreme Court Stays ₹5,712 Crore GST Notice Against Paytm s First Games

Supreme Court Stays ₹5,712 Crore GST Notice Against Paytm s First Games

Supreme Court Stays ₹5,712 Crore GST Notice Against Paytm s First Games
The Supreme Court has stayed a significant GST demand issued by the Directorate General of GST Intelligence (DGGI) against First Games, a subsidiary of Paytm. This decision led to a 1.4% rise in Paytm's share price, reflecting positive investor sentiment.

Supreme Court Allows Use of Input Tax Credit for GST Appeal Pre-Deposits
In a landmark ruling, the Supreme Court upheld the Gujarat High Court's decision permitting taxpayers to utilize Input Tax Credit (ITC) for mandatory pre-deposit payments when filing GST appeals. This move is expected to ease the financial burden on businesses during litigation.

• Delhi High Court Restrains GST Department from Action Against CCI
  The Delhi High Court has restrained GST authorities from initiating coercive measures against the Competition Commission of India (CCI) concerning a ₹10.36 crore tax demand. The court acknowledged CCI's status as a statutory regulatory body not engaged in commercial activities.