Corporate News     12-Jul-23
Nazara Technologies update on GST on online gaming
Nazara Technologies announced that with reference to the GST Council's decision to levy a 28% goods and services tax (GST) on online gaming, Nazara Technologies would like to clarify that this tax, once implemented, will apply only to the skill-based real money gaming segment of our business. The contribution of this segment to the company's overall consolidated revenues for the financial year FY23 was 5.2%.

To the extent required, the Company will proactively take steps to mitigate any potential impact to this segment of its business, and expects minimal impact to its overall revenues.

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