Wednesday’s ruling, backing tax demands on past transactions, could have major financial implications for the sector. A lawyer representing one of the large gaming companies involved in the dispute said platforms will now have an opportunity to individually respond to the GST department’s show-cause notices.

The Supreme Court has backed the government's retrospective 28% GST on online gaming. The court ruled that online gaming platforms are not intermediaries and their activities are…

The Supreme Court upheld the retrospective 28% GST levy on online gaming firms and ruled that gaming with stakes amounts to betting and gambling.