Paytm shares in focus after Supreme Court stays Rs 5,712-crore GST notice against First Games
Paytm shares
will be in focus after the Supreme Court stayed proceedings related to a Rs 5,712-crore Goods and Services Tax (GST) notice issued to Paytm-owned First Games by the Directorate General of GST Intelligence (DGGI), New Delhi.
The update was shared in a regulatory filing by
One97 Communications
, the parent company of Paytm and its gaming arm, First Games. The notice, issued in April 2025, had prompted First Games to file a writ petition in the apex court.
'We hereby inform you that First Games has informed us on May 24, 2025 at 10:44 am (IST) that in the writ petition …filed by First Games challenging the said SCN, the Hon'ble Supreme Court of India has on May 23, 2025 stayed the proceedings of the SCN,' One97 Communications said in the filing.
The case revolves around the classification and taxation of real money gaming platforms under the GST regime—an issue affecting several companies in the online gaming sector.
Also Read:
High conviction picks! ICICI Bank, HAL among 10 large-cap stock ideas from PL Capital
Live Events
One97 Communications clarified that the tax matter is not limited to First Games but is part of a broader legal debate involving multiple gaming platforms facing large tax demands under revised GST norms. The Supreme Court is already hearing similar petitions.
The interim stay offers relief to First Games and may indicate the court's willingness to take a deeper look at how real money gaming is being taxed in India.
Also Read:
Stocks in news: Firstcry, Nazara, Swiggy, JSW Steel, NTPC
Paytm Q4 earnings
Paytm
operator One97 Communications reported a consolidated net loss of Rs 540 crore in Q4FY25, marginally lower than the Rs 550 crore loss in the year-ago period.
Revenue from operations for the March quarter stood at Rs 1,912 crore, down 16% year-on-year from Rs 2,267 crore in Q4FY24.
Sequentially, the net loss widened from Rs 208 crore in Q3FY25, though revenue improved nearly 5% from Rs 1,828 crore in the previous quarter.
Paytm share price target
According to Trendlyne, the average target price for Paytm stands at Rs 933, implying an upside of nearly 11% from current levels. Among the 17 analysts covering the stock, the consensus rating is 'Hold'.
Paytm shares performance
Paytm shares closed at Rs 412.1 on Friday, up 1.8% on the BSE, while the Sensex gained 0.95%. The stock is down 14% year-to-date but has surged 137% over the past 12 months. Its current market capitalisation is Rs 53,855 crore.
(
Disclaimer
: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
37 minutes ago
- Time of India
Noise barriers to come up at six flyovers in A'bad
Ahmedabad: Acting on complaints from city residents, the Ahmedabad Municipal Corporation plans to install noise barriers on six more flyovers in the city, including those at Shivranjani, Pallav and AEC junctions, to reduce noise pollution caused by vehicles. Tired of too many ads? go ad free now Three years ago, the National Highway Authority of the central govt had installed noise barriers on the flyovers at SG Road. The AMC has already installed these barriers on the Income Tax junction flyover and Thakkarbapanagar bridge, completing the work for Rs 1.82 crore. Although a tender was issued for the installation of six new noise barriers, the corporation did not receive bids. So a fresh tender has been issued, sources said. Standing committee chairman Devang Dani said, "Complaints about noise pollution from societies near flyovers or railway overbridges are commonplace. Noise barriers have been installed on the Income Tax flyover and Thakkarbapanagar bridge. To reduce noise pollution in the city, plans are underway to install noise barriers on six flyovers/railway overbridges." At present, there are 92 bridges in the city, with work on 13 bridges in progress. By 2024-25, the corporation plans to complete work on the Ghodasar split flyover, Pallav Junction flyover, Paldi Jalaram railway underpass, Chandkheda railway underpass, IOC Chandkheda underpass, D-Cabin railway underpass, Makarba railway underpass and Chenpur underpass. Ahmedabad: Acting on complaints from city residents, the Ahmedabad Municipal Corporation plans to install noise barriers on six more flyovers in the city, including those at Shivranjani, Pallav and AEC junctions, to reduce noise pollution caused by vehicles. Tired of too many ads? go ad free now Three years ago, the National Highway Authority of the central govt had installed noise barriers on the flyovers at SG Road. The AMC has already installed these barriers on the Income Tax junction flyover and Thakkarbapanagar bridge, completing the work for Rs 1.82 crore. Although a tender was issued for the installation of six new noise barriers, the corporation did not receive bids. So a fresh tender has been issued, sources said. Standing committee chairman Devang Dani said, "Complaints about noise pollution from societies near flyovers or railway overbridges are commonplace. Noise barriers have been installed on the Income Tax flyover and Thakkarbapanagar bridge. To reduce noise pollution in the city, plans are underway to install noise barriers on six flyovers/railway overbridges." At present, there are 92 bridges in the city, with work on 13 bridges in progress. By 2024-25, the corporation plans to complete work on the Ghodasar split flyover, Pallav Junction flyover, Paldi Jalaram railway underpass, Chandkheda railway underpass, IOC Chandkheda underpass, D-Cabin railway underpass, Makarba railway underpass and Chenpur underpass.
Time of India
41 minutes ago
- Time of India
Sindhu Bhavan multilevel parking: AMC opts for sale deed to bypass 18% GST
Ahmedabad: The civic body's policy making body has opted to sell 16 offices and 29 shops in the Sindhu Bhavan Multilevel Parking Complex through sale deeds, bypassing the 18% GST applicable on 99-year lease deeds. Tired of too many ads? go ad free now The standing committee approved the proposal on Thursday. An official announcement is expected shortly. Previously, the AMC leased out properties for 99 years, but the GST had prompted a change. In July 2023, AMC attempted to sell 68 shops floor-wise in the same complex, offering 12,868.62 sq m of office-type space on the ground, first and fifth floors at a base price of Rs 197 crore. The auction failed to attract buyers for the first and fifth floors. Only one bidder emerged for the 4,158.33 sq m ground floor, bidding Rs 80 crore, though payment remains pending. AMC has now extended the deadline and will now auction the remaining units via sale deed. Standing committee chairman Devang Dani confirmed, "If the property is sold through a 99-year lease deed, GST is applicable. So now, the shops/offices will be sold via sale deed."
News18
42 minutes ago
- News18
Rs 700 Ticket, 3-Hour Trip, Stop At Banihal: Katra-Srinagar Vande Bharat Starts June 7
Last Updated: Prime Minister Narendra Modi will inaugurate two new Vande Bharat trains on Friday, with commercial operations commencing on Saturday A Rs 700 ticket and a three-hour journey—that's all it will take to reach Srinagar from Katra starting June 7 on two new Vande Bharat trains. Prime Minister Narendra Modi will inaugurate the trains on Friday, with commercial operations commencing on Saturday. Both trains will operate return journeys during the day, taking approximately three hours to cover the distance between Srinagar and Katra. These trains are being inaugurated as special trains. Train 26401 will take 2 hours and 58 minutes, with chair car fares at Rs 715 and executive class at Rs 1,320. This train will depart from Katra at 8.10 am and arrive in Srinagar at 11.08 am, with a two-minute stop at Banihal at 9.56 am. On its return journey, the train will be numbered 26402. It will cost Rs 880 for a chair car and Rs 1,515 for the executive class. The train will depart from Srinagar at 2 pm and arrive in Katra at 4.58 pm, with a two-minute stop at Banihal at 3.08 pm. Trains 26401/26402 will operate six days a week, except Tuesdays. Train 26403 will depart from Katra at 2.55 pm and arrive in Srinagar at 5.53 pm, covering the distance in 2 hours and 58 minutes. The fare for this train will be Rs 660 for a chair car seat and Rs 1,270 for executive class. The difference in ticket price from the first Vande Bharat train is due to a difference in catering charges. From Srinagar, train 26404 will depart at 8 am and arrive in Katra at 10.58 am, with a two-minute stop at Banihal at 9 am. Tickets will cost Rs 715 for a chair car and Rs 1,320 for executive class. Trains 26403/04 will operate six days a week, except Wednesdays. The trains will pass through scenic landscapes all-weather train connectivity to Kashmir is a reality. Specially Designed Vande Bharat Trains These two trains are upgraded to withstand the unusually harsh weather in Kashmir. Vande Bharat trains on this route are specially designed with anti-freezing technology, using silicon heating pads to prevent freezing of water and bio-toilets in extreme cold. Heated plumbing pipelines are installed with self-regulating heating cables to prevent water from freezing, ensuring smooth operations even in sub-zero temperatures. The train coaches include a heating system for sub-zero conditions in Srinagar, 360-degree rotating seats, and charging points for passenger comfort. Overcoming the challenges of snow, freezing temperatures, and extreme conditions, these trains ensure uninterrupted services, the Railways has promised. Connecting Jammu Soon While these trains are initially connecting only Katra and Srinagar, in the future, the train operations will be extended to Jammu to offer direct connectivity between Jammu and Kashmir. 'Currently, the railway station in Jammu is under redevelopment. As soon as the work is completed, we will consider extending the service till Jammu," a ministry official told News18. PM Modi was originally scheduled to inaugurate these trains in April, but weather delays and the April 22 terror attack in Pahalgam postponed the launch. Now, the long-awaited Vande Bharat journey to Kashmir is set to begin.
