Supreme Court stays ₹5,712 crore GST show cause notice against Paytm's gaming arm

In a significant relief to One 97 Communications Ltd’s gaming subsidiary, First Games Technology Pvt Ltd, the Supreme Court has stayed proceedings in a ₹5,712-crore show cause notice issued by the Directorate General of GST Intelligence (DGGI). The apex court’s interim order halts further action on the contentious GST demand until final adjudication of the matter. The stay order was granted in res…