In a big setback for gaming firms, SC upholds 28% GST, retrospective levy

The Supreme Court said "28% GST on online gaming" is valid, a big blow to gaming companies. They also upheld retrospective tax demands of ₹1.5 trillion. This ruling dismisses petitions from gaming firms, casinos, and others challenging the tax framework. It's a major setback for the sector, with potential for many companies to face insolvency.