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WinZo flags GST concerns as growth rate takes a hit
Financial Express Hyderabad
|May 01, 2025
THE GOODS AND services tax (GST) levied on online gaming platforms should be on their revenues, and not on deposits made by customers in platform wallets, WinZo co-founder and chief executive Paavan Nanda told FE, as the company's growth rate slowed in FY24.
The company's growth is likely to be stymied further in FY25, when the full impact of the higher GST rate of 28% will be felt. The new GST regime came into force in October 2023, resulting in a partial impact on the gaming platform's FY24 financials. WinZo reported a net revenue of ₹1,055 crore in FY24, up 70% year-on-year from ₹619 crore.
यह कहानी Financial Express Hyderabad के May 01, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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