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Chamarti Sreekar

Passionate about Pos...ย โ€ขย 2m

Taxes on IPL tournaments: ZERO % Taxes on Research & Development: 18 % Tax on IPL tickets for common people 18% + GST 28% + Entertainment Tax Shows the messed-up priorities in this country !

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Chamarti Sreekar

Passionate about Pos...ย โ€ขย 1m

BCCI's profit is tax-free under Section 12A of the Income Tax Act, whereas IPL tickets bought by fans are subject to 28% GST.

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Mahendra Lochhab

Content creatorย โ€ขย 11m

"GST to be charged on petrol but it can happen only if states agree to put them under GST" FM Nirmala Sitharama

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mg

News & updatesย โ€ขย 2m

Taxpayer earns โ‚น1 โ†’ Govt takes 31.2%. He buys a product โ†’ Add 5 to 28% GST. Spends on fuel โ†’ 50% tax. Saves money โ†’ Taxed again. But no, heโ€™s not oppressed.

6 Replies
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mg

News & updatesย โ€ขย 1m

AC is Necessity in Dubai But Luxury in India Both Cities Have Similar Heatwaves in May & June Dubai Takes 5% VAT on AC and 0 Income Tax India Charges 28% GST on AC For No Reason

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mg

News & updatesย โ€ขย 3m

GST and Entertainment Tax for IPL in Chennai.

1 Reply
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Ashutosh Mishra

Chartered Accountantย โ€ขย 1y

GST Thread 2 What GST brings along with it - 1. Value added tax and no cascading of taxes - GST is only on the value added by the manufacturer and being a value added tax at each stage it avoids double taxation Example - If I purchase plastic fr

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