Following the implementation of the GST from July 1, going to a stadium to watch live sports is going to be more expensive. Tournaments like the IPL will attract the highest tax slab of 28%. All other events organized by recognised sports bodies like the hockey federation will attract 18% on tickets. However, tickets priced below Rs 250 are exempt from GST.
In any stadium, only a limited number of seats are reserved in this price band.
All sports events organized by recognized sports federations were to attract 28% GST, but a meeting held on Thursday decided to peg it down to 18% for "recognized sporting meets". If it wasn't for the last-minute revision by the GST Council, then Tests, One-dayers and T20Is conducted by the Board of Control for Cricket in India and events by other recognized sports bodies would have been taxed at 28%.
Sponsorships attract 18% tax. If the sponsor is a corporate or partnership firm, they deduct the tax and hand over 82% of the sponsorship amount to the organizers. Existing service tax was 15%; hence, rise is 3%
National Sports Federations, Association of Indian Universities, School Games Federation of India, Paralympic Committee of India, Indian Olympic Association (pertaining to National Games) are among those exempted from sponsorship tax.
Tax on professional coaching and private academies pegged at 18%
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