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Delta Corp shares surged 15.4% to Rs 130.8 after the Supreme Court stayed proceedings on show cause notices worth Rs 1.12 lakh crore issued by GST authorities to online gaming companies. The stay provides relief to gaming firms, including Gameskraft and Games 24x7, as they are not required to pay the tax amount until the matter is fully heard and decided in March.
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We are going to have to wait a while to see what gets through and once it gets through, we will all be trying to assess the economic impact. On balance, it will be okay for the economy, but for right now it creates a lot of uncertainty.
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The three day-visit has been criticised by Conservatives who claim she should have cancelled the trip.
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