Latest news with #SCN
Mint
24-05-2025
- Business
- Mint
SC stays ₹5,712-crore GST notice sent to Paytm-owned gaming platform First Games
The Supreme Court has granted a stay on a ₹ 5,712-crore GST notice sent to fintech firm One97 Communications-owned real money gaming platform First Games, a regulatory filing said on Saturday. The Directorate General of GST Intelligence, New Delhi had issued a show cause notice (SCN) to First Games in April. "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," the regulatory filing said.
Indian Express
24-05-2025
- Business
- Indian Express
Paytm says Supreme Court stays Rs 5,712-cr GST notice sent to First Games
The Supreme Court has granted a stay on a Rs 5,712-crore GST notice sent to fintech firm One97 Communications-owned real money gaming platform First Games, a regulatory filing said on Saturday. The Directorate General of GST Intelligence, New Delhi had issued a show cause notice (SCN) to First Games in April. '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,' the regulatory filing said. One97 Communications, which owns Paytm brand said the tax matter is an industry-wide issue and not limited to First Games and the matter is being heard by the apex court.
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Business Standard
24-05-2025
- Business
- Business Standard
Supreme Court stays ₹5,712 cr GST notice issued to Paytm's First Games
One97 Communications, which owns Paytm brand said the tax matter is an industry-wide issue and not limited to First Games and the matter is being heard by the apex court Press Trust of India New Delhi The Supreme Court has granted a stay on a Rs 5,712-crore GST notice sent to fintech firm One97 Communications-owned real money gaming platform First Games, a regulatory filing said on Saturday. The Directorate General of GST Intelligence, New Delhi had issued a show cause notice (SCN) to First Games in April. "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," the regulatory filing said. One97 Communications, which owns Paytm brand said the tax matter is an industry-wide issue and not limited to First Games and the matter is being heard by the apex court. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
24-05-2025
- Business
- Time of India
SC stays Rs 5,712-crore GST notice for Paytm-owned First Games
The Supreme Court has granted a stay on a Rs 5,712-crore GST notice sent to fintech firm One97 Communications-owned real money gaming platform First Games, a regulatory filing said on Saturday. The Directorate General of GST Intelligence , New Delhi had issued a show cause notice (SCN) to First Games in April. "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," the regulatory filing said. One97 Communications , which owns Paytm brand said the tax matter is an industry-wide issue and not limited to First Games and the matter is being heard by the apex court.
Yahoo
16-05-2025
- Business
- Yahoo
Amid demand for satellite support, Space Force leans on commercial
The Space Force this week announced a new Joint Antenna Marketplace aimed at helping it leverage commercial capacity and relieve the strain on its Satellite Control Network. Space Systems Command said Monday it awarded contracts to two firms — Auria, formerly Boecore, and Sphinx Defense — to establish the cloud-based marketplace prototype, dubbed JAM, which will connect satellite operations centers with government and commercial antennas. The service said Monday it's using the Pentagon's software acquisition pathway to create the marketplace, a tailored procurement method meant to help programs buy software more quickly. Defense Secretary Pete Hegseth recently mandated that all military software be developed and purchased through the pathway. 'The program is currently in the planning phase of the Software Acquisition Pathway and is accelerating commercial capability delivery via prototype development,' SSC said in a statement. JAM will expand the Space Force's existing globally dispersed Satellite Control Network, or SCN, which provides critical launch support, satellite tracking and control, and emergency assistance for spacecraft. The Defense Department and other federal agencies rely on the network for operations support, and demand for the capability has grown significantly in recent years. For the last decade, utilization rates have surpassed the industry standard, according to a 2023 Government Accountability Office report. Space Force officials have said the current SCN architecture on its own may not meet the military's capacity needs during a conflict. The antennas in line to augment and eventually replace SCN's aging infrastructure through a program called Satellite Communications Augmentation Resource, or SCAR, are expected to increase satellite communications capacity by ten-fold for spacecraft in geosynchronous orbit, the Space Force estimates. The new phased-array antennas are being built by BlueHalo. The systems, dubbed Badger, provide multi-beam, multi-orbit mission operations and are designed to make it easier to track and manage satellites. They can also be easily transported around the world. The Space Force awarded the company $1.4 billion in 2022 to deliver 12 units by the early 2030s. However, under its current schedule, the first units won't deliver until the end of this year – a timeline that the service's acting acquisition executive says is not fast enough. Maj. Gen. Stephen Purdy told lawmakers Thursday that while SCAR is making progress, the program is moving 'too slow for my taste and too slow for the need.' Speaking at a House Armed Services Committee hearing, he said that along with helping the Space Force better leverage commercial systems, JAM provides a 'backup plan' for SCAR that provides the extra support in the near term. JAM builds on experimentation the service has conducted with the Space Development Agency and the Space Rapid Capabilities Office to integrate commercial capabilities through a cloud-based SCN. The marketplace 'is going after full-up commercial,' Purdy said, and will open up significant new capacity.
