{"id":926895,"date":"2025-05-01T08:29:26","date_gmt":"2025-05-01T02:59:26","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=926895"},"modified":"2025-05-01T08:30:20","modified_gmt":"2025-05-01T03:00:20","slug":"winzo-flags-gst-concerns-as-growth-rate-takes-a-hit","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/05\/01\/winzo-flags-gst-concerns-as-growth-rate-takes-a-hit\/","title":{"rendered":"WinZo flags GST concerns as growth rate takes a hit"},"content":{"rendered":"<p>The goods and services tax (GST) levied on online gaming platforms should be on their revenues, and not on deposits made by customers in platform wallets, WinZo co-founder and chief executive Paavan Nanda told FE, as the company\u2019s growth rate slowed in FY24. <\/p>\n<p>The company\u2019s growth is likely to be stymied further in FY25, when the full impact of the higher GST rate of 28% will be felt. The new GST regime came into force in October 2023, resulting in a partial impact on the gaming platform\u2019s FY24 financials. WinZo reported a net revenue of Rs 1,055 crore in FY24, up 70% year-on-year from Rs 619 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The goods and services tax (GST) levied on online gaming platforms should be on their revenues, and not on deposits made by customers in platform wallets, WinZo co-founder and chief executive Paavan Nanda told FE, as the company\u2019s growth rate slowed in FY24. The company\u2019s growth is likely to be stymied further in FY25, when the full impact of the higher GST rate of 28% will be felt. The new GST regime came into force in October 2023, resulting in a partial impact on the gaming platform\u2019s FY24 financials. WinZo reported a net revenue of Rs 1,055 crore in FY24, [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-926895","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/926895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=926895"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/926895\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=926895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=926895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=926895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}