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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.

GST and Entertainment Tax for IPL in Chennai.

Tax on IPL Tickets

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

HOW GOVERNMENT OF INDIA EARNS ITS 100 RUPEES Based on Earnings from different departments ₹27 - Borrowings & other liabilities ₹19 - Income Tax ₹18 - GST & Other Taxes ₹17 - Corporate Tax ₹9 - Non-Tax Receipts ₹5 - Union Excise Duties ₹4 - Cus

🚨 Breaking News: Major GST Overhaul Announced! The GST Council just dropped a game-changer: a sharp two-tier tax structure replacing the old four slabs! 🔹 New slabs: 5% & 18% standard rates 🔹 Heavy sin goods now taxed at 40% This means s

🚨 Breaking News: Major GST Overhaul Announced! 🚨 The GST Council just dropped a game-changer: a sharp two-tier tax structure replacing the old four slabs! 🔹 New slabs: 5% & 18% standard rates 🔹 Heavy sin goods now taxed at 40% This means

Any Idea on why online gambling has 28% GST? Those sectors are being killed in the name of taxes.Would You do a startup in such sectors with higher taxes?

What if there was 0% GST in India?🤔 But first, what is GST?😶 It was introduced in 2017. It replaced taxes and aimed at creating a single national market. GST rates vary from 0% to 28%, depending on the product or service.

Taxpayer earns ₹1 → Govt takes 31.2%. He buys a product → Add 5 to 28% GST. Spends on fuel → 50% tax. Saves money → Taxed again. But no, he’s not oppressed.