Nazara Technologies’ two subsidiaries get Rs 1,120 crore GST demand notice

Online gaming and sports company Nazara Technologies’ two subsidiaries have received show cause notices in relation to Goods and Services Tax (GST) with a total liability of Rs 1,120 crore, the company on Wednesday stated in its filing to the exchanges.

The show cause notices were sent by the Director General of GST Intelligence, Kolkata, to Openplay Technologies and Halaplay Technologies on Tuesday, July 16, for proposed liability of Rs 845.72 crore and Rs 274.21 crore, respectively, the exchange filing revealed.