#gameskraft

Introduction:

In a significant development, the Karnataka High Court has quashed the Rs 21,000 crore GST notice against Gameskraft, a popular online gaming platform. The court held that the notice was issued without following proper procedures and that the amount claimed was unjustified. The ruling is a major relief for Gameskraft, which had been facing the threat of closure due to the hefty tax demand.

Background:

Gameskraft is a Bangalore-based online gaming platform that offers a range of skill-based games such as Rummy, Poker, and Chess. The company was founded in 2017 by Prithvi Singh and has since then gained a large user base. In 2020, the GST department issued a notice to Gameskraft, claiming that the company had evaded taxes worth Rs 21,000 crore by not paying GST on the rake collected from players. The notice also claimed that Gameskraft was liable to pay interest and penalties on the amount due.

The Court’s Decision:

Gameskraft challenged the notice in the Karnataka High Court, arguing that the amount claimed was arbitrary and without any basis. The court agreed with the company’s arguments and held that the GST department had not followed the proper procedures while issuing the notice. The court also observed that the amount claimed was unjustified and based on a flawed methodology. The court, therefore, quashed the notice and held that Gameskraft was not liable to pay the claimed amount.

Implications:

The court’s decision is a significant relief for Gameskraft, which had been facing the threat of closure due to the hefty tax demand. The ruling also sends a strong message to the GST department, emphasizing the importance of following proper procedures while issuing notices. The decision is likely to have far-reaching implications for the online gaming industry, which has been grappling with multiple tax-related issues.

Conclusion:

The Karnataka High Court’s decision to quash the Rs 21,000 crore GST notice against Gameskraft is a welcome relief for the company and the online gaming industry as a whole. The ruling reinforces the importance of following proper procedures while issuing notices and provides clarity on the taxation of online gaming platforms. The decision is likely to have a positive impact on the growth of the online gaming industry in India and will encourage more players to invest in the sector.

Kerala accounts for 5-7% of the total Rummy segment in India. After Madras HC, it’s Kerala’s turn. Kerala High Court on Monday struck down the amendment to a government notification issued under Section 14A of the Kerala Gaming Act, 1960 aiming to ban online rummy in the state. The petition in Kerala HC was filed by four gaming companies — Junglee Games India Pvt. Ltd, Play Games 24×7 Pvt. Ltd,…

Online gaming company Gamskraft  has appointed DCMN India to handle the media duties for its flagship product Rummyculture. Gameskraft-owned Rummyculture was started in 2017 and in the last two years, it has emerged as India’s fastest-growing online rummy platform, providing best-in-class gaming experience to its users. The platform boasts of a diverse community of rummy players in India. Since its launch, more th an one million Rummy players have played on the platform and the community is growing rapidly. The brand aims to give every player a premium and hassle-free rummy-playing experience. DCMN India bagged the business following a multi-agency pitch and the account will be serviced from its Gurugram office. The mandate includes managing the brand’s TV media duties across different markets and campaign tracking using DCMN’s proprietary TV attribution technology, DC Analytics. The account will be led by Bindu Balakrishnan, Country Head, DCMN India. The debut television campaign of Rummyculture is running across channels in multiple languages. The brand is further amplifying the reach with digital media. The Rummyculture TVC Prithvi Singh, Founder & CTO, Gameskraft, said, "We began our journey with Rummyculture in late 2017, and it has emerged as one of India’s most-played rummy games within a short period of time. With over one million registered users on its website and Android/iOS applications, Rummyculture has certainly struck a chord with gaming enthusiasts across the country. The launch of our first TVC at this exciting time is an effort to strengthen our position in the market. The TVC rightly reflects our brand persona of being a fun and engaging platform for Rummy enthusiasts. We are happy to be associated with DCMN India as our media partners. Their KPI-driven approach towards media planning as well in line with our marketing needs. They understood the requirements of the brand and executed a seamless campaign."

Gameskraft awards media duties to DCMN India

Online gaming company Gamskraft  has appointed DCMN India to handle the media duties for its flagship product Rummyculture.

Gameskraft-owned Rummyculture was started in 2017 and in the last two years, it has emerged as India’s fastest-growing online rummy platform, providing best-in-class gaming experience to its users.

The platform boasts of a diverse community of rummy players in India.

Since…