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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Chamarti Sreekar
Passionate about Pos... • 25d
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 !
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.
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Attention GST taxpayers: November 30, 2024 is last day to claim pending input tax credit by filing GSTR 3B
November 30, 2024, is the last date to claim any pending input tax credit (ITC) or amend any errors or omissions in compliance with the Goods
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Hiral Jain
Content writer • 1y
Greetings everyone!
Let's learn about our tax system!
The Indian tax system is divided into two categories: Direct (income tax) and Indirect (GST)it's an unfair tax tbh.
It's because everyone pays the same tax regardless of their income. For example
One Tax Policy: A New Era of Taxation in India?
What if income tax was the only tax you had to pay? A system where individuals pay a fixed percentage of their income as tax, and in return, they are exempt from all indirect taxes like GST and service
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CA Dipika Pathak
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Tax and Accounting Compliance within the Online Gaming Sphere!!
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➡SCHEDULE III of the CGST Act contains “Activities or Transactions which shall be treated neither as a Supply of Goods nor a Supply of Services”
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Much credits to Piyush Goyal calling out Indian startups for chasing ‘fancy ice creams’ instead of deep tech at Startup Mahakumbh 2025, founders and business owners across India spilled the beans on rampant harassment and bribery for GST registration