SC upholds 28% GST on online gaming, revives Amazon-Future Coupons deal
Supreme Court's pre-recess docket reshapes retail-adjacent risk: online gaming faces Rs 1.12 lakh crore in retrospective GST demands, while Amazon wins reprieve as SC sets aside CCI/NCLAT orders against its Future Coupons investment. FSSAI enforcement gaps also flagged.
What happened
Amazon · Supreme Court upheld 28% GST on full face value of online gaming bets, exposing the sector to Rs 1.12 lakh crore in demands. SC also set aside
Key facts
- Rs 1.12 lakh crore
- Rs 1,431 crore
- Rs 21,000 crore
- Rs 28,000 crore
- Rs 30,000 crore
- Rs 2.5 lakh crore
Why this matters
The SC's quashing of CCI/NCLAT orders against Amazon-Future Coupons signals that strategic investments with embedded retail call options can survive regulatory unwinding, reshaping deal structuring playbooks for India entry.