<p> The apex court will hear the gaming companies' plea on Friday.</p><p>Gaming companies on Tuesday approached the court seeking urgent hearing to prevent adverse actions by the GST department such as tax recoveries, bank account freezing and issuance of summons while awaiting a resolution. "Given that the final hearing on the constitutional validity of the tax imposed on gaming companies may take some time, the companies have requested that the matter be heard on Friday," says tax lawyer Abhishek Rastogi, who is representing gaming companies. The controversy around GST on gaming companies centers on whether the correct rate should be 18% or 28%, the rate levied on betting, gambling, and similar activities.</p>

SC Agrees to Hear Online Gaming Cos' Plea

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is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

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