Impact of the GST hike on Delta Corp Ltd.
Created on 14 Jul 2023
Wraps up in 9 Min
Read by 121 people
Updated on 26 Jul 2023
The gaming industry has taken an unforeseen turn! An unexpected statement regarding the 28% GST rate on gaming, stole the show at the 50th GST conference. In this article, we will dive into the consequences of this move and will also discover how this unexpected turn of events will impact the industry players, including one unfortunate company whose shares dropped significantly right after the news.
Yes, it was Delta Corp who witnessed a misfortune and tasted the bitterness of a 23% share crash!📉 The news of the GST increase has seemed to hit them like a punch in their belly.
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